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mikebolhuis.co.za
· 2026-08-11
This document outlines evolving crimes against women in South Africa, including romance scams orchestrated by organized syndicates that build trust over weeks before requesting money or personal information, sextortion schemes where intimate images are used for extortion, digital surveillance through tracking devices and spyware, and human trafficking operations that use deception to recruit victims through fake job or modeling opportunities. The document emphasizes that public awareness and prevention measures—such as verifying identities before sending money, never negotiating with extortionists, securing digital accounts, and independently verifying employment offers—are critical tools for protecting women from these technologically sophisticated crimes.
punchng.com
· 2026-08-11
An Interpol report warns that artificial intelligence is being used in 55% of cybercrimes across Africa, with Nigeria, South Africa, South Sudan, and Namibia being the most affected countries between January 2024 and September 2025. AI-enabled crimes include deepfakes, romance scams, ransomware attacks targeting healthcare and utilities, and Business Email Compromise (BEC) schemes, with Nigerian cybercriminals routing illicit proceeds through crypto exchanges and money-laundering operations. Nigeria accounted for $92 billion of the $205 billion in cryptocurrency transactions during this period, with attackers using generative AI, machine learning, and voice cloning to scale attacks and evade detection
goldrushcam.com
· 2026-08-11
William Ly, 26, of Simi Valley was arrested for stealing over $97,000 from an 89-year-old victim through a financial elder abuse scheme that spanned from June 2024 to September 2025. Ly befriended the victim at a local breakfast club, gained access to his Coinbase cryptocurrency account, and conducted more than 80 unauthorized transactions transferring funds to accounts and wallets in his name. The Ventura County Sheriff's Office, working with the FBI and Ventura County Fraud Working Group, is investigating whether there may be additional victims.
cyberpeace.org
· 2026-08-11
A scam network in Hyderabad, India used AI-generated images and affordable "rent a boyfriend" service packages (₹499-₹4,499) advertised via social media to target lonely individuals, particularly young women, who paid via QR codes before the fraudsters disappeared. The scheme exploits loneliness and uses classic confidence-fraud tactics including love bombing and mirrored interests to lower victims' guard before requesting payment. Global romance and confidence fraud losses reached $929.3 million in 2025 according to the FBI, with AI-generated profiles increasingly used as an accelerant for such scams.
rte.ie
· 2026-08-10
Recruitment scams are rising in Ireland, with criminals using legitimate company branding, conducting fake video interviews, and then requesting personal information, bank details, or upfront payments under the guise of onboarding. The scams are particularly effective because they mimic the entire genuine hiring process—application, interview, and job offer—making fraudulent requests feel like normal employment procedures. Job applicants are vulnerable because they typically authenticate employers through weak methods like logos and email signatures, while legitimate employers have multiple verification tools available.
ic3.gov
· 2026-08-10
The FBI warns that sexual exploitation actors are illegally accessing victims' social media and personal accounts to steal explicit images and videos, then selling or sharing this non-consensual intimate imagery on criminal marketplaces often accompanied by personal identifying information. Both adults and minors are targeted through social engineering and cyber intrusion tactics, and victims face ongoing re-victimization through harassment, sextortion, stalking, and having stolen content reposted on their own social media accounts. The FBI urges victims to report these crimes through the National Center for Missing & Exploited Children database or to their local FBI field office.
newtownpanow.com
· 2026-08-10
Multiple fraud incidents were reported in Newtown Township between late July and early August, including credit card fraud, elder fraud involving phone scammers impersonating financial institutions, identity theft resulting in unauthorized firearm purchases, and pop-up scam fraud—all with large monetary losses and ongoing investigations. A Newtown Township resident was specifically targeted by phone scammers posing as their credit union on August 4, and another resident fell victim to coordinated fraud on August 5 involving scammers impersonating their bank and couriers. Additionally, identity theft was reported on August 4 when a credit card was fraudulently opened in a resident's name and used to purchase firearms.
ppc.land
· 2026-08-09
Gen Z professionals lose money to employment scams at five times the rate of Baby Boomers—21% versus 4%—according to LinkedIn survey data, with Gen Z also showing higher vulnerability across multiple stages of job searching despite expressing greater confidence in their ability to spot scams. The research reveals that 90% of reported scam messages attempt to move conversations to private channels, often in the first message, and identifies work-from-home and entry-level positions as primary targets. Gen Z's increased susceptibility is partly attributed to market pressures, with 32% of Gen Z ignoring warning signs due to limited job options compared to 8% of Baby Boomers.
military.com
· 2026-08-08
Florida's Department of Elder Affairs has issued a warning about scammers creating fake military charities to exploit generous donors supporting veterans and active-duty military members in the state. The scams use emotional appeals on social media, fake fundraising campaigns, and high-pressure tactics requesting payment through gift cards, wire transfers, or payment apps. Citizens are advised to verify charities through legitimate sources before donating and to avoid unusual payment methods.
heraldextra.com
· 2026-08-08
This article explains how to recognize and protect yourself from financial scams by identifying common warning signs rather than specific fraud types. Key red flags include scammers creating urgency to rush decisions, requesting sensitive information like passwords or account numbers, demanding unusual payment methods like gift cards or cryptocurrency, and exploiting emotions through fabricated scenarios. The article emphasizes that taking time to verify requests through trusted contact information and asking logical questions about why information is needed are effective prevention strategies.
lowerbuckstimes.com
· 2026-08-08
Four Newtown Township residents reported large losses to scams within three days in early August 2026, including elder fraud involving impersonated credit union callers, unauthorized credit card accounts, and sophisticated courier scams where callers posed as bank fraud departments and convinced victims to withdraw cash. Three of the four fraud cases were referred to the detective division, while a fifth fraud case that week involved unauthorized charges on a credit card. The incidents reflect a pattern of fraud in the township, with five of six police incidents in the week of July 31-August 7 classified as fraud or identity theft.
panewslab.com
· 2026-08-07
Japan's Financial Services Agency and National Police Agency issued 11 new regulatory requirements to crypto exchanges on August 6 to combat rising investment fraud and romance scams, including pre-registration systems for withdrawal addresses, enhanced identity verification, transaction monitoring, and mandatory delays on new withdrawals. The regulations target sophisticated "pig butchering" schemes and investment solicitation fraud conducted via social media, where criminals have increasingly been able to funnel fraudulent funds directly into exchange accounts. All Japanese crypto exchanges, regardless of size, must implement these stricter controls, with some requirements to be phased in over time.
malwarebytes.com
· 2026-08-07
Bot accounts are targeting League of Legends players via the Riot client with AI-assisted romance scams, sending friend requests immediately after matches with flattery before moving conversations to Discord and eventually directing victims to paid OnlyFans subscriptions. The scheme uses recycled photos and sophisticated chatbots designed to evade detection, with operators appearing to scrape match data to identify and target players at scale. Multiple players report receiving these bot requests after nearly every match, with no clear way to distinguish legitimate friend requests from fraudulent bot accounts within the game client.
finance.biggo.com
· 2026-08-07
Japan's Financial Services Agency has requested cryptocurrency exchanges implement mandatory withdrawal delays and enhanced identity verification to combat fraud losses exceeding $1.04 billion through May 2026, primarily from social media-driven investment and romance scams. The agency is asking platforms to introduce waiting periods on crypto withdrawals, require pre-registration of withdrawal addresses, and implement risk-based withdrawal limits alongside phishing-resistant authentication and transaction monitoring. The crackdown targets a pattern where stolen funds are rapidly funneled through exchange accounts, with social media investment scams accounting for 70.04 billion yen and romance scams causing 20.2 billion yen in losses this year alone.
leadership.ng
· 2026-08-07
A UN report reveals that transnational cybercrime syndicates are relocating from Southeast Asia to Nigeria and other African countries due to weaker regulatory oversight, with online scam operations in the Asia-Pacific region generating $88.3-$114.1 billion in illicit proceeds in 2025. Criminal organizations now operate as sophisticated multinational enterprises with specialized departments for money laundering, human trafficking, and data harvesting, increasingly using AI to automate attacks and identify victims. The report warns that law enforcement crackdowns have displaced rather than dismantled these operations, and scam centers exploit trafficked workers coerced into participating in investment fraud, romance scams, and cryptocurrency theft.
bitdefender.com
· 2026-08-07
The FTC is warning about a growing phishing scam where criminals impersonate legitimate invitation platforms like Evite, Paperless Post, and Punchbowl to steal login credentials, personal information, or install malware on victims' devices. These fake party invitations exploit people's natural curiosity and fear of missing out by directing them to fake websites that harvest email passwords, verification codes, or personal data for identity theft and account takeover. The scams have become more convincing with AI technology and can result in malware infections, ransomware attacks, or unauthorized access to victims' email accounts and connected services.
techtimes.com
· 2026-08-07
In 2025, Japan experienced a record 9,538 social media investment fraud cases resulting in ¥127.4 billion ($804 million) in losses, prompting seven Japanese government agencies to jointly demand that Meta, Google, TikTok, and other platforms implement identity verification and remove deepfake scam ads—measures Meta confirmed it could deploy globally within six weeks but chose not to due to revenue concerns. A Reuters investigation revealed Meta systematically manipulated its own Ad Library by deleting flagged scam ads from search results to create a false appearance of compliance for regulators, while deploying this "regulatory theatre" tactic as part of a global playbook used in multiple countries including the United States
saharareporters.com
· 2026-08-07
A self-proclaimed spiritual healer named Odigie Moses was arrested in Nigeria for sextortion after he allegedly deceived an Indian woman into performing a nude "spiritual cleansing" ritual on a live online session, secretly recorded it, and extorted $1,100 from her by threatening to release the video. Moses presented himself as a healer on social media with supernatural powers and manipulated the victim into sending money under duress after threatening to make the compromising footage public. The EFCC, Nigeria's anti-graft agency, is holding him in custody pending arraignment and prosecution on cybercrime and extortion charges.
thisdaylive.com
· 2026-08-07
African nations, particularly Nigeria, face rapidly escalating cybercrime threats as criminals weaponize artificial intelligence to enhance phishing, voice cloning, video manipulation, and synthetic identity fraud at scale, with AI reportedly linked to over half of all cybercrime cases in Africa in 2025. Nigerian criminal networks are heavily implicated in Business Email Compromise and online fraud across West and Central Africa, exploiting the nation's expanding digital economy and a youth population drawn to cybercrime due to unemployment and lack of legitimate economic opportunities. The article argues that law enforcement alone cannot address this crisis and calls for comprehensive prevention strategies, ethical reorientation, and rehabilitation programs rather than reactive arrest-and-prosecution approaches.
aol.com
· 2026-08-07
Covenant HR integrated TurboCheck's digital identity verification technology into its Scout™ recruiting platform to combat increasingly sophisticated candidate fraud, which Gartner predicts will affect one in four candidate profiles by 2028. Scout™ has processed over 155,000 resumes and completed more than 23,000 video interviews, identifying fraud alerts in over 6% of structured video interviews, with identity verification reports typically returned within five minutes. The integration allows recruiters to verify candidate identities directly within the platform to address growing concerns about AI-generated resumes, fake profiles, and identity impersonation in the hiring process.
wgal.com
· 2026-08-06
A viewer unknowingly fell victim to an identity theft scam after googling a customer service number for Xfinity, clicking a fraudulent link, and entering their Social Security number to a scammer posing as a representative. With access to the victim's Social Security number, the scammer can potentially open credit cards, obtain loans, and damage the victim's credit rating. Consumer experts recommend verifying official company websites directly, never sharing Social Security numbers with unsolicited callers, and using IdentityTheft.gov to report and address identity theft.
orfonline.org
· 2026-08-06
India's CERT-In issued guidance in 2026 on defending against AI-enabled fraud, highlighting the growing threat of deepfake-powered impersonation and voice cloning in cybersecurity. The article examines how generative AI has made fraud more convincing and difficult to detect, citing examples like a 2024 Arup case where AI-generated video calls deceived an employee into authorizing $25.6 million in fraudulent transfers, and noting a 54% click-through rate for AI-generated phishing versus 12% for manual versions. The piece argues that "AI literacy" and "cognitive cybersecurity" must become national capabilities to protect human judgment against increasingly sophisticated AI-
world-border-congress.com
· 2026-08-06
Spanish authorities dismantled a criminal organization that laundered over four million euros from various scams, including CEO fraud, man-in-the-middle attacks, and "family in distress" schemes, resulting in the arrest of 20 people and identification of over 200 victims across Spain. The organization used techniques like "smurfing" (breaking large sums into small transfers), forged documents, and stolen identities to disguise illicit funds and made more than 9,200 money transfers, with significant portions sent to Nigeria. Authorities seized counterfeit documents, mobile devices, cash, jewelry, and over 400 documents related to the money laundering operation during raids on residences and money transfer
consumer.ftc.gov
· 2026-08-06
This article is educational guidance from the FTC about discussing financial wellness with teenagers, not a summary of a fraud incident. It provides resources for parents to teach teens about credit management, building good financial habits, and protecting against identity theft, rather than documenting an actual scam or fraud case.
vietnam.vn
· 2026-08-06
Tech companies Zalo and Google launched a collaborative "Joining Hands to Prevent and Combat Online Fraud" campaign in Vietnam, creating a Safety Center website to educate users about common scams including romance schemes, investment fraud, and government agency impersonation. Both platforms are integrating security features such as two-factor authentication, behavioral biometrics, phishing detection, and reporting tools to help users identify and prevent fraud rather than simply warning them after attacks occur. This shift represents a broader industry movement toward "platform responsibility" where service providers embed security measures directly into their systems to protect users proactively.
bitdefender.com
· 2026-08-06
According to Interpol's 2026 African Cyberthreat Assessment Report, AI now plays a role in 55% of cybercrime cases across Africa, with criminals using AI tools to automate phishing campaigns, generate deepfakes for identity fraud, create synthetic identities for financial schemes, and evade detection systems. Regional variations show East Africa experiencing mobile money fraud and ransomware attacks on critical infrastructure, while Central and West Africa face business email compromise and romance scams, with Southern Africa targeted by international cybercriminal groups. Law enforcement agencies globally struggle to keep pace with criminals' AI adoption, making prevention and public awareness critical, as cybercriminal organizations operate internationally and target victims across North America,
ky3.com
· 2026-08-06
College students are frequent targets for scammers and identity thieves because many are managing finances independently for the first time and have clean credit records that fraudsters find attractive. A BBB Institute study found that people ages 18-24 reported higher median financial losses from scams than any other age group, making employment scams particularly risky for this demographic. The Better Business Bureau recommends students protect themselves by securing sensitive documents, monitoring financial accounts, researching companies before purchasing online, and using secure payment methods like credit cards.
krebsonsecurity.com
· 2026-08-06
A 26-year-old Canadian man named Connor Riley Moucka pleaded guilty to hacking and extorting over 165 organizations using Snowflake cloud services, stealing data from more than 100 million AT&T customers between February and October 2024. Moucka and his co-conspirators used stolen login credentials to target companies including TicketMaster, LendingTree, and Neiman Marcus, extorting them by threatening to publish sensitive data such as social security numbers, passport numbers, and financial records, with conspirators collecting over $2.5 million in ransom payments. His co-conspirator Cameron Wagenius, a U.S.
bankingjournal.aba.com
· 2026-08-05
Financial scams exploit consistent psychological levers—trust, urgency, reward, fear, and confusion—that criminals adapt to new technologies rather than fundamentally reinvent. Historical schemes like George C. Parker's bridge sales and Charles Ponzi's investment fraud demonstrate that modern scams are often traditional confidence tricks delivered through faster, more anonymous digital channels such as spoofed communications, fake websites, and synthetic identities. Financial institutions must anticipate how technology and social behavior evolve together to manage fraud risk proactively rather than merely responding after losses occur.
cpapracticeadvisor.com
· 2026-08-05
The IRS and Security Summit partners warned tax professionals about five types of phishing scams—including spear phishing, cloned emails, whaling, and fake new-client emails—designed to steal sensitive taxpayer data and credentials. These scams target tax professionals and taxpayers by tricking them into disclosing personal information such as passwords, Social Security numbers, and bank account details. The IRS recommends tax professionals implement security measures and report any victims of these schemes to their IRS Stakeholder Liaison or appropriate state tax agencies.
fox17online.com
· 2026-08-05
The Kentwood Police Department is warning residents about a "brushing scam" where unsolicited packages containing items like jewelry or electronics arrive at their doors with no return address. The scam typically escalates when recipients scan a QR code or visit a website included in the package that mimics legitimate banking or government sites, where criminals harvest personal and financial information for identity theft and fraud. Residents are advised to be cautious with unexpected packages and avoid clicking links or entering information into unfamiliar websites.
napa-net.org
· 2026-08-05
Scammers are impersonating retailers or government agencies and falsely transferring calls to fake Social Security Administration representatives who claim victims' identities have been stolen and promise new Social Security numbers after victims sign documents. The Social Security Administration warns that legitimate agencies cannot transfer calls directly to SSA or its Office of Inspector General, and any such call is a scam. Seniors should report suspected scams to oig.ssa.gov/report and avoid trusting caller ID numbers, which scammers can easily fake.
yahoo.com
· 2026-08-05
Following recent impersonation scams in Ludlow, Westfield, and Ware where suspects posed as officials to convince victims to withdraw cash and hand it over to couriers, the Hampden District Attorney's Office is promoting its Education Against Senior Exploitation (EASE) program to help seniors and their families recognize and avoid fraud. The district attorney's office has successfully prosecuted cases involving grandparent scams, identity theft, cryptocurrency fraud, and fake refund schemes, and operates a dedicated Crimes Against Elders and Persons with Disabilities Unit with a prosecutor focused on elder fraud cases. Residents are urged not to send money or assets to anyone claiming to be law enforcement, and should instead hang up and
malwarebytes.com
· 2026-08-04
A WhatsApp account takeover scam spreads through messages asking users to vote for someone in an online contest, but the links redirect to fake pages that trick victims into authorizing the attacker's device through WhatsApp's legitimate "Linked devices" feature. Once linked, scammers gain full access to the victim's messages, contacts, and conversations without triggering typical security alerts like password reset notifications. The scam exploits trust between contacts, as compromised accounts are often used to spread the fraudulent voting requests to others.
elon.edu
· 2026-08-04
Scammers posing as Wells Fargo fraud department and federal officials stole over $250,000 from Kaitlin Henze in May 2023 through a three-week scheme involving fake badges, letters, and documents that convinced her to empty her savings, retirement, investment accounts, and max out credit cards. Henze has since become an advocate for fraud victims and financial education, speaking publicly about her experience to help others recognize scam tactics and support fellow victims in their recovery.
jurist.org
· 2026-08-04
INTERPOL's 2026 African Cyberthreat Assessment Report reveals that AI now drives over 55% of cybercrime across Africa, with financial losses doubling from $192 million to $484 million since 2024, affecting victims through automated phishing, ransomware, sextortion, and identity fraud schemes. The report documents regional variations including mobile money fraud in East Africa, Business Email Compromise and romance scams in Central and West Africa, and over 600,000 sextortion cases involving AI-generated synthetic media. Law enforcement capabilities lag significantly behind the threat landscape, with 92% of African agencies lacking technical AI expertise and existing international cybercrime treaties containing outdated legal frameworks
citizen.co.za
· 2026-08-04
African cybercrime losses more than doubled from $192 million in 2024 to $484 million in 2025, with AI enabling 55% of reported cybercrimes across the continent. South Africa faces particular exposure due to its advanced digital economy, with criminals using AI-driven credential harvesting, phishing, synthetic identity fraud, and sextortion to target financial institutions, telecoms, and individual victims across mobile money platforms and social media. The report highlights that 72% of surveyed African countries reported the presence of scam centers, with East Africa emerging as a hub for mobile money fraud and ransomware, while Southern Africa is targeted by global threat actors seeking maximum disruption.
businessday.ng
· 2026-08-04
AI is fueling 55% of Africa's cybercrime cases, with cyber-related losses reaching $484 million in 2025, according to INTERPOL's African Cyberthreat Assessment Report. Online scams using AI-generated voices and images are the most common attacks, with 72% of surveyed African countries reporting organized scam centers, while Nigeria alone recorded 5,822 ransomware detections. Cybercriminals are increasingly targeting critical national infrastructure and exploiting fintech and cryptocurrency sectors through mobile money fraud, Ponzi schemes, and romance scams.
scworld.com
· 2026-08-04
A 2026 IBM report reveals that over one in five UK firms experienced AI-related security breaches in the past year, with such attacks surging 56% globally and averaging $6 million in costs per breach. Cybercriminals are directly targeting AI systems and exploiting weaknesses in APIs and cloud configurations, with deepfake impersonation being the most common AI-enabled attack at 45% of cases. In response, 61% of UK organizations plan to increase cybersecurity spending on incident response and AI governance.
money.com
· 2026-08-04
Scammers are targeting homeowners struggling with mortgage payments by posing as "home savers" offering loan modifications or foreclosure reversals, then stealing their equity and money through fraudulent paperwork; reported cases include an Arizona man who lost $150,000 in equity and an Indiana woman who lost $9,000. Additionally, fraudsters are using AI-generated personas on social media to solicit purchases through emotional storytelling, and sending fake postcards promising free gas and grocery cards that require upfront fees before victims face unauthorized charges.
allafrica.com
· 2026-08-04
Over half of cybercrimes reported across Africa now involve AI-enabled attacks, with financial losses reaching an estimated $484 million and criminals using synthetic identities to bypass security systems and commit fraud across banking, telecommunications, and government sectors. The INTERPOL African Cyberthreat Assessment Report 2026 found that 72 percent of surveyed countries reported organized scam centers, with Kenya experiencing 3.37 billion cyber threat events in early 2026 and facing attacks ranging from phishing to website defacement demanding ransom. International enforcement operations have begun addressing the threat, with Operation Red Card 2.0 resulting in 651 arrests across 16 African countries and recovery of $4.
beninwebtv.com
· 2026-08-04
African cybercriminals are increasingly using accessible AI tools to conduct fraud at scale, with generative AI enabling inexperienced actors to create convincing phishing emails, fake profiles, and deepfakes across multiple languages. According to Interpol, these technologies facilitate investment fraud, romance scams, sexual extortion, and business email compromise attacks, while African law enforcement faces significant challenges including lack of specialized training, cross-border jurisdictional issues, and difficulty distinguishing AI-generated from authentic content. The professionalization and automation of cybercrime networks has expanded the pool of potential attackers and multiplied victimization rates across the continent.
foxnews.com
· 2026-08-04
AI-powered phishing scams originating from China are targeting hundreds of thousands of Americans through fake text messages impersonating trusted brands like T-Mobile, causing millions in losses. These scams use urgent language and fake links to trick people into sharing personal information, passwords, or payment details by impersonating delivery companies, banks, and toll agencies. Google and security experts recommend verifying messages through official company channels rather than clicking links in unexpected texts, checking for vague greetings and grammatical errors, and never sharing verification codes with anyone.
attorneygeneral.gov
· 2026-08-04
Philadelphia Attorney General Dave Sunday announced charges against six members of the "All Money Counts" criminal organization led by Brandon J. Greisser, who allegedly stole identification documents and personal information from dozens of victims to commit identity theft and fraud. The scheme involved using stolen IDs to make unauthorized bank withdrawals, credit card transactions, and other thefts, with investigators identifying over 40 victims and more than $75,000 in attempted or successful thefts. Five of the six defendants are in custody, and authorities believe additional victims may exist beyond those currently identified.
cultofmac.com
· 2026-08-03
An 81-year-old woman with dementia lost thousands of dollars to romance scammers who contacted her via WhatsApp, Facebook, and Apple Messages over the course of a year, exploiting her loneliness following her husband's death. After family interventions and law enforcement proved ineffective, the author enrolled her in Incogni, a data-removal service that scrubbed her personal information from people-search websites and data brokers, which had been making it easy for scammers to target and manipulate her. The article highlights how scammers use publicly available personal data from online brokers to make their cons more convincing, with U.S. fraud losses exceeding $16 billion in
srnnews.com
· 2026-08-03
Visa announced it will acquire fraud intelligence provider BioCatch for $2.4 billion to strengthen its cybersecurity and fraud detection capabilities. BioCatch uses behavioral biometrics analyzing keystrokes, touch gestures, and device handling to detect fraudulent transactions in real time and currently protects 1.8 billion devices for over 350 banking clients worldwide. The purchase reflects growing investment by major payment processors in advanced fraud solutions, as account takeovers and scams cost the global economy over $1 trillion annually.
timesofisrael.com
· 2026-08-03
Visa has acquired Israeli cybersecurity firm BioCatch for $2.4 billion to combat AI-driven fraud and account takeovers, which cost the global economy over $1 trillion annually. BioCatch specializes in behavioral biometrics technology that analyzes patterns like keystrokes and mouse movements to detect fraudsters in real time, currently protecting 1.8 billion devices and 760 million users across more than 350 banking clients worldwide. The acquisition will enhance Visa's fraud detection capabilities across its network of 14,500 financial institutions that process over 329 billion transactions annually.
usatoday.com
· 2026-08-03
OnlyFans creators are being targeted by scammers using AI-generated deepfakes of their images and voices to impersonate them on social media, with fraudsters tricking fans into sending money via CashApp for fake "exclusive content" before blocking them. The scams have escalated with improved AI technology, causing financial losses to creators' income and creating safety concerns, as some fans have shown up at creators' homes after being misled by imposters. According to reports, deepfake fraud attempts occurred at a rate of roughly one every 5 minutes in 2024, disproportionately affecting women who comprise 90% of victims of non-consensual intimate imagery distribution.
govtech.com
· 2026-08-02
Both the U.S. House and Senate have passed bipartisan bills to protect seniors from financial fraud and scams, including the Financial Exploitation Prevention Act of 2025 and the Senior Security Act. These laws would allow financial institutions to pause transactions from older adults or people with disabilities when fraud is suspected, and establish a Senior Investor Taskforce at the SEC to identify challenges and trends affecting senior investors. The legislation represents rare bipartisan agreement on combating fraud targeting vulnerable populations, though specific dollar amounts of fraud losses are not mentioned in this overview of the legislative efforts.
americanbazaaronline.com
· 2026-08-02
AI-enabled investment scams cost Americans $632 million in 2025, representing the largest category of AI-related fraud with 4,356 complaints reported to the FBI. AI-assisted fraud grew 1,210% in 2025 compared to 195% growth in traditional scams, with criminals using deepfakes and AI technology to convincingly impersonate legitimate financial institutions and brokers. The FBI received over 22,000 total AI-related fraud complaints in 2025 with $890 million in losses, with investment scams, extortion, and data breaches accounting for the majority of cases.