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
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