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Bloomberg Reveals How AI Has Changed the World of Fraud. The Numbers Are Frightening

Summary by IndexHR
ARTIFICIAL intelligence has created a fraud industry bigger than the cocaine trade, allowing criminals to make a quicker, cheaper and easier profit.

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ARTIFICIAL intelligence has created a fraud industry bigger than the cocaine trade, allowing criminals to make a quicker, cheaper and easier profit.

·Zagreb, Croatia
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The side effects of AI (artificial intelligence) on humanity continue to emerge. According to estimates by the Global Anti-Scam Alliance, victims of fraud in 42 countries worldwide lost a staggering $442 billion last year, and with the rapid development of AI, these losses are likely to become even more difficult to prevent. Anthropic's AI model, Claude, has also exhibited unexpected behavior, including submitting false leads in a murder case un…

·New York, United States
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In 2025, residents of 42 countries lost about $442 billion as a result of Internet fraud, which is growing rapidly thanks to artificial intelligence, as reported by Bloomberg with reference to a study by Global Anti-Scam Alliance (GASA).

Victims in 42 countries lost a total of $442 billion last year, a figure higher than some estimates of the size of the global cocaine trade.

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insider.gr broke the news on Saturday, October 10, 2026.
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