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AI-Powered Social Engineering Scams Are Getting Savvier. Here’s How Consumers Can Protect Themselves

  • AI-Powered social engineering scams have become increasingly sophisticated and widespread in 2024, affecting individuals across the United States and beyond.
  • This rise stems from advances in generative AI enabling criminals to create convincing fake identities, messages, and calls that pressure victims to act quickly.
  • Seniors, particularly those aged 60 and above, suffered the greatest financial harm last year, with several large states experiencing the highest numbers of reported fraud cases and monetary losses.
  • In 2024, losses included $9.3 billion in cryptocurrency fraud, $6.57 billion in investment fraud often AI-driven, and $2.77 billion from business email compromise scams, according to FBI and industry data.
  • The continued escalation prompts authorities like the FBI to urge prompt scam reporting and recommend protective steps such as verifying information, using strong passwords, and multi-factor authentication.
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The Daily Gazette broke the news in on Tuesday, May 27, 2025.
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