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AI is supercharging money scams. Here’s how to protect yourself from fraud

Fast Company Tech The Conversation September 17, 2026
AI is supercharging money scams. Here’s how to protect yourself from fraud
AI Summary— plain English for professionals

# AI Is Making Old Scams Devastatingly Effective—and You're the Target Scammers are using AI to impersonate your loved ones and create fake investment opportunities, and they're stealing hundreds of millions of dollars from regular people—especially those over 60. The FBI tracked over 22,000 AI-related fraud cases in 2025 with nearly $900 million in losses, but experts believe the real damage is much higher. The best protection isn't complicated technology; it's understanding that AI is making traditional cons (like the "grandson in trouble" call) far more convincing than before.

The phone rings, and it’s your grandson’s shaken voice. There’s been an accident, he says, and he needs money before anyone finds out. Except it isn’t him. It’s software that learned his voice from a clip posted online, run by a stranger working through a list of phone numbers. For years, warning

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