AI contributes to 25% rise in fraud losses

AI-assisted fraud rings are contributing to a rise in losses at financial institutions such as credit unions.   Fraud losses reported by consumers in the United States rose 25% year over year in 2024 to $12.5 billion, with investment scams accounting for $5.7 billion, up 24% YoY, according to Federal Trade Commission data.  The jump is due in part to fraudsters […]