AI fueled massive surge in fraud losses last year, study finds
· Source: supplychaindive.com
In short
Artificial intelligence-driven fraud skyrocketed last year, with attacks against major U.S. customers rising 1,210% and combined losses reaching an estimated $1 billion according to fraud detection company Pindrop. Generative AI and deepfake tools are enabling fraudsters to scale attacks more effectively, with the retail sector among the hardest hit industries. AI fraud has now outpaced traditional fraud, signaling a major shift in the threat landscape as attackers deploy automated schemes targeting contact centers, payment requests, and executive impersonation.
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In the issue of week 8, 2026: Agentic AI and Automation Drive 20%+ Gains in Supply Chain Execution
Tags: fraud, retail, security, automation, detection, scams