AI Scams

Money Saving Monday: How AI-Powered Scams Are Targeting Arizonans — And What You Can Do to Stay Safe
Business

Money Saving Monday: How AI-Powered Scams Are Targeting Arizonans — And What You Can Do to Stay Safe

Scammers are weaponizing AI tools like voice cloning, deepfakes, and phishing texts to defraud Arizona residents out of millions. One local woman recounts how her mother narrowly avoided a fake Chase alert. In response, Chase Bank and the Maricopa County Sheriff’s Office are hosting community workshops, urging consumers to stay vigilant and never share personal info with unknown callers.

How U.S. Tech Giants Are Fueling a Global Scam Industry: An AP/FRONTLINE Investigation
US

How U.S. Tech Giants Are Fueling a Global Scam Industry: An AP/FRONTLINE Investigation

A joint investigation by The Associated Press and FRONTLINE reveals how American technology companies — from AI providers like OpenAI and Google to infrastructure firms and Starlink — are unwittingly powering an industrialized cyber-scam network in Southeast Asia, with U.S. losses exceeding $190 billion in 2024. Despite voluntary industry efforts, regulators abroad are moving faster than the U.S. to hold firms accountable.

Mastercard Tightens Fraud Rules and Deploys New AI Tools as Stock Declines
Business

Mastercard Tightens Fraud Rules and Deploys New AI Tools as Stock Declines

Mastercard has unveiled AI-powered Merchant Trust Services to better vet and monitor merchant activity across its network. The company is also rolling out a Merchant Scam & Risk Indicator system aimed at helping banks and payment firms spot potentially fraudulent merchants earlier. Starting in July, stricter fraud monitoring rules will require faster investigations into suspicious transactions. For investors tracking NYSE:MA, the move adds a fresh operational development to a stock currently trading around $493.98.