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AI fraudsters
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- 1Banks Deny Refunds as AI Scams Drain Victims' Accounts▼Banks Say You Authorized It: The AI Scam That Costs Victims Everything
Reports describe a wave of AI-powered scams in which fraudsters use cloned voices and deepfakes to trick people into transferring money from their own accounts. Because the transfers appear to be authorized by the account holder, banks are refusing to reimburse victims, leaving many with no recourse and raising pressure for stronger fraud protections.