AI Scams Projected to Surge by 2027

Don’t succumb to pressure through email, video, or over the phone. If you’re feeling like you must act quickly, stop. It’s probably a scam.
AI Scams Projected to Surge by 2027
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Anne Johnson
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According to the Deloitte Center for Financial Services, artificial intelligence (AI) scam losses could reach $40 billion in the United States by 2027. That’s an increase of 32 percent over 2023’s $12.3 billion losses. Scammers use AI to create images, write messages, clone voices, and generate videos to trick unsuspecting victims into giving up their money.
Think you’re immune? Not necessarily. Scammers have ways to make you fear for your loved ones, take part in get-rich schemes, and obtain your personal information. But forewarned is forearmed. Here are the most prevalent AI scams to watch out for.

Voice Cloning Your Loved Ones or Celebrities

One of the trickiest scams is voice cloning your loved one. Scammers find a video of a friend or family member and clone their voice. The video could be on social media or even YouTube.
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for ten years.