TLDR Tech / Fintech
AI is accelerating global fraud losses, which reached $579 billion in 2025
A Nasdaq Verafin report estimates global fraud and scam losses reached $579.4 billion in 2025, up 9.2% from 2023, with much of the increase tied to criminals using AI tools. AI-driven scams accounted for $14.3 billion in losses and improved fraud tactics such as more convincing phishing messages and automated victim interactions. Financial institutions are also deploying AI to detect suspicious patterns and stop fraudulent payments, creating an escalating arms race between attackers and defenders.
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