$25million deepfake scam exposes new threat: How Ghanaian businesses can avoid losing millions to AI fraud

$25million deepfake scam exposes new threat: How Ghanaian businesses can avoid losing millions to AI fraud

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Cyber criminals are increasingly deploying generative artificial intelligence to execute sophisticated fraud schemes, and Ghanaian businesses must urgently strengthen their payment verification processes or risk becoming the next victims, a leading fraud expert has warned. In a detailed advisory issued by Wells Fargo’s Fraud Education and Awareness Program, Anil G. Khilnani revealed that 79 per…

Bybit Says AI Risk System Blocked $300M in Scam Withdrawals in Q4 2025

Bybit Says AI Risk System Blocked $300M in Scam Withdrawals in Q4 2025

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Bybit said it blocked or disrupted more than $300 million worth of suspected scam-related withdrawals in the fourth quarter of 2025 after rolling out an AI-assisted risk monitoring system designed to flag malicious transactions before funds leave the exchange. In a company blog post, Bybit said its system flagged about $500 million in withdrawal requests…

AI, Impersonations Drove Crypto Scam Losses to Record $17 Billion in 2025: Chainalysis

AI, Impersonations Drove Crypto Scam Losses to Record $17 Billion in 2025: Chainalysis

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In brief Chainalysis estimates crypto scams generated over $17 billion in losses for 2025. Impersonation scams grew more than 1,400% year over year, driven in part by AI tools. AI-enabled scams generated 4.5 times more revenue per operation than traditional scams. In 2025, crypto scams became faster, more convincing, and more profitable as artificial intelligence…