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Banks warn AI shopping bots raise scam, fraud and data-privacy risks

The banks said AI shopping tools could request card details and steer users to weaker payment protections as adoption accelerates.

Summary by Channel News Asia
PARIS, Sept 22 : Using AI agents for online shopping could increase the risk of scams, fraud and data-privacy breaches, banks including NatWest and Bank of America said on Tuesday, as they set out principles for developing the technology. Technology companies including OpenAI, Anthropic, Google and M

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ReutersReuters
Center

Banks warn AI shopping bots raise scam, fraud and data-privacy risks ...

·London, United Kingdom
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The Straits TimesThe Straits Times
Lean Right

AI shopping bots raise scam risks, banks warn

Banks warn AI shopping bots may increase risks of scams, fraud and data-privacy breaches, urging transparency and stronger consumer protections. Read more at straitstimes.com.

·Singapore, Singapore
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Daily SabahDaily Sabah
Right

AI shopping bots raise scam, fraud, data-privacy risks, banks warn

Integrating AI agents into online shopping could increase the threats of scams, fraud, and breaches of data privacy, banks including NatWest and Bank of...

·Istanbul, Türkiye
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Channel News AsiaChannel News Asia
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Free Malaysia Today NewsFree Malaysia Today News
Center

Banks warn AI shopping bots raise scam, fraud and data-privacy risks

PARIS, Sept 22 : Using AI agents for online shopping could increase the risk of scams, fraud and data-privacy breaches, banks including NatWest and Bank of America said on Tuesday, as they set out principles for developing the technology. Technology companies including OpenAI, Anthropic, Google and M

·Singapore, Singapore
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Pakistan Live NewsPakistan Live News

Banks Raise Red Flags Over AI Shopping Bots And Scam Risks: What To Know

On Tuesday, banks are warning that AI-powered shopping bots could make online shopping more convenient but may also increase the risk of scams, fraud and

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24 HU24 HU

Giant Banks Warn of a New Kind of Danger

The use of artificial intelligence agents for online shopping is becoming increasingly widespread, but this is dangerous in several ways, according to banks. The post Giant banks warn of a new kind of danger first appeared on 24.hu.

·Budapest, Hungary
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Channel News Asia broke the news in Singapore, Singapore on Tuesday, September 22, 2026.
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