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FTC says Americans lost $12.5B to scams last year — social media, AI, and crypto didn’t help
You're not the only one getting voicemails about your car's extended warranty. According to the U.S. Federal Trade Commission (FTC), about 2.6 million
The financial columnist for The Cut, Charlotte Cowles, wrote a viral essay last year about how she was scammed out of $50,000 in cash, which she handed to a stranger in a shoebox. “I’m not a person who panics under pressure and falls for a conspiracy involving drug smuggling, money laundering, and CIA officers at my door,” Cowles wrote. But as AI deepfake technology becomes more accessible, we may see more scams via phone take place in the future — scammers will be able to more closely mimic the voices of people’s loved ones, paving the way for more targeted attacks.
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