AI scams cost victims $442 billion globally as deepfakes and voice cloning make fraud harder to detect
Global financial fraud reached an estimated $442 billion in 2025, equivalent to Denmark's entire economic output, according to Interpol. Criminals use AI to create convincing deepfakes, clone voices, and personalize phishing campaigns at unprecedented scale. UK cases surged to over 4 million incidents, with victims losing money within minutes of contact.