Time MagazineApril 10, 2026‘A Perfect Storm’: How AI Is Transforming the Global Scam Industry
For the past few years, it’s escaped no one that levels of Internet and telephone fraud have skyrocketed. One in four adults worldwide lost money to scams last year, according to the Global Anti-Scam Alliance NGO, while 13% encountered an attempted scam at least once a day. Globally, over $1 trillion is lost to online fraud annually in what the U.N. has dubbed a “scamdemic.”