OpenAI made the perfect tool for scammers. Donald Trump is on TikTok doing his morning routine. "Get ready with me for a big day," reads the caption, as the president holds a makeup brush to his cheek. The scene is a still, ostensibly a screenshot of a TikTok clip. Like so much other AI-generated slop coursing through the internet, the image is fake and ridiculous.

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Federal data shows identity theft losses can extend far beyond direct financial damage as victims spend weeks repairing credit files.

Most of the account takeover scams reported last year were for mobiles, online shopping and credit cards, Cifas said. Most of the account takeover scams reported last year were for mobiles, online shopping and credit cards, Cifas said. Criminals are increasingly exploiting AI technology to take over people's mobile, banking and online shopping accounts, the UK's leading anti-fraud body has warned. Last year, a record number of scams were reported to the national fraud database, fuelled by AI, which allows for large-scale deception on "industrialised" levels, according to Cifas, the fraud prevention organisation. Its report showed 444,000 cases of fraud were reported by its members last year - a 6% increase on 2024.

Identity theft involving stolen driver's licenses creates lasting legal exposure unlike credit card fraud, as license numbers cannot be changed and require extensive cleanup efforts.

As deepfake video technology improves, the scale of online fraud will grow even further, experts say. As deepfake video technology improves, the scale of online fraud will grow even further, experts say. AI content for scams can be targeted at individuals and'produced by pretty much anybody', researchers say Deepfake fraud has gone "industrial", an analysis published by AI experts has said. Tools to create tailored, even personalised, scams - leveraging, for example, deepfake videos of Swedish journalists or the president of Cyprus - are no longer niche, but inexpensive and easy to deploy at scale, said the analysis from the AI Incident Database . These examples are part of a trend in which scammers are using widely available AI tools to perpetuate increasingly targeted heists.

Minnesota Is Just the Beginning. California and New York Are'Next' The Trump administration appears to be planning to leverage the same playbook used in Minnesota to go after other blue states. The Trump administration appears to be deploying the same playbook it used in Minnesota --leveraging allegations of fraud to justify significant federal oversight --in other blue states across the country, starting with California and New York. "POTUS loves Minnesota and the people. It's a state where he received historic Republican support, and he has long called out [Governor Tim] Walz for his incompetence and terrible leadership," a senior White House official tells WIRED.

Things to Do in L.A. Tim Walz isn't the only governor plagued by fraud. Minnesota Gov. Tim Walz said he would not seek a third term amid attacks over a fraud scandal involving child care funding. This is read by an automated voice. Please report any issues or inconsistencies here . California has lost billions to cheats in the last few years, leaving Newsom vulnerable to the same sort of attack that took down Walz.

Everlane, Revolve and Under Armour pilot Happy Returns' AI system to combat return fraud as retailers prepare for $850 billion in returned goods in 2025.

The decentralized finance (DeFi) community has grown rapidly in recent years, pushed forward by cryptocurrency enthusiasts interested in the vast untapped potential of new markets. The surge in popularity of cryptocurrency has ushered in a new era of financial crime. Unfortunately, the novelty of the technology makes the task of catching and prosecuting offenders particularly challenging. Thus, it is necessary to implement automated detection tools related to policies to address the growing criminality in the cryptocurrency realm.