The FBI’s 2024 Internet Crime Report highlights $16.6 billion in cybercrime losses—driven in part by the growing use of AI in phishing, extortion, and cryptocurrency scams. Elderly victims suffered the most, with $4.8 billion in reported losses. The FBI is leveraging AI tools to combat this evolving threat.

A Mandarin-speaking cybercriminal group, known as the Smishing Triad, has launched mass SMS-based phishing attacks across 121 countries. Using automation tools, phishing kits, and bulk messaging services, they impersonate banks and postal services to steal sensitive financial data. Institutions face mounting challenges as phishing incidents surge globally.

A new AI-powered email scam targeting Netflix users replicates legitimate correspondence with eerie accuracy, urging subscribers to update payment details. Cybersecurity experts warn of AI’s role in amplifying phishing threats as telltale signs reveal the fraud.