US EditionBanks aiming to prevent AI-powered scams targeting seniors
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Banks aiming to prevent AI-powered scams targeting seniors
JACKSON, Tenn. — An alarming new wave of AI-powered scams are targeting senior citizens, leading to billions in losses. However, banks are stepping up to detect and prevent fraud. It starts with a phone call, or a text message, or sometimes an email. Scammers reach out to individuals in an attempt to wipe out their bank accounts and life savings. It can happen to anyone. However, a recent survey shows senior citizens reported $3.4 billion in fra…
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