Criminals using artificial intelligence tools to take over mobile, bank and online shopping accounts, says Cifas
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. The tactics of criminals are shifting towards account takeovers, where they take control using stolen data and make unauthorised transactions.
Most of the account takeover scams reported last year were for mobiles, online shopping, and personal credit cards, according to the Fraudscape report.
