Criminals are increasingly exploiting AI technology to take over peopleโ€™s mobile, banking and online shopping accounts, the UKโ€™s leading anti-fraud body has warned.

Last year, a record number of scams were reported to the national fraud database, fuelled by AI, which allows for large-scale deception on โ€œindustrialisedโ€ levels, according to Cifas, the fraud prevention organisation.

Its report showed 444,000 cases of

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