Sophisticated AI Phone Scams on the Rise, Costing Americans Billions
β Scammers are using AI to make fake calls and texts that sound more believable and human-like to trick people out of money
β Phone scams cost Americans $9.8 billion last year; the average loss per person scammed is $700
β Red flags include bad grammar, misspellings, and texts about delivery issues - but AI is making scams harder to spot
β Hang up on questionable IRS calls and ones about prizes you didn't enter; go directly to a company instead of calling numbers provided
β We're getting better at recognizing scams, but when tricked the financial losses are greater on average