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Valentine's Warning as AI Fuels 'Insidious' Love Scams
AI-driven scams exploit social media data to personalize fraud, with Australians losing over $220 million since 2020, consumer groups urge stronger platform regulations.
- Ahead of Valentine's Day, AI and machine learning systems analyse social media profiles to craft personalised romance scams targeting Australians seeking relationships online.
- Because people share life events online, UNSW computer science lecturer Lesley Land warned that criminals feed social media posts into machine learning systems to automate grooming, which previously took months.
- CHOICE reports Australians have lost large sums to romance scams since 2020, and victims often remain silent while the Australian Banking Association warns flawless photos and fast relationships are red flags.
- AI-Driven automation has allowed fraudsters to scale operations and create more sophisticated, emotionally manipulative scams, while shame leaves victims of romance scams less likely to report fraud, advocates warn.
- Consumer groups including CHOICE, Financial Counselling Australia and ACCAN are calling on the federal government to close gaps as the Commonwealth's Scams Prevention Framework places no obligations on platforms, while some banks use AI to block scams.
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15 Articles
15 Articles
Romance scams have developed into an industrialized AI-supported business model: uncoordinated individual offenders have become a billion-dollar, professionally organized criminal ecosystem. According to the Federal Trade Commission (FTC), investment fraud – the real "endgame of many Romance scams" – caused damage of 5.7 billion US dollars in 2024. Experts assume that it is only [...] The article AI drives the industrialization of Romance scams …
Coverage Details
Total News Sources15
Leaning Left3Leaning Right0Center2Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
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