Money & business
AI in your bank, your investments and the companies you buy from — who saves money, and who carries the risk.
11 stories · updated daily
3 min readMixedBanks warn AI shopping bots could enable scams before rules catch upNatWest, Bank of America and four other major banks say AI shopping agents raise fraud and privacy risks, and set out early principles for safer "agentic commerce."3 min readConcerningGeorgia police make what they call their first AI-generated fraud arrestA Chatham County, Georgia man allegedly used a fake AI-generated Walmart delivery order to try to walk off with electronics, and police say it's a preview of bigger scams to come.3 min readConcerningGrandmother jailed 6 months after single AI photo match in bank theft case, sues for $10MA facial-recognition hit on a fake ID, never checked against basic details like build or tattoos, led to a false arrest and months behind bars.4 min readMixedSocial Security's fraud fighters say AI scammers are outpacing themA top SSA watchdog official says AI-generated deepfakes and fake documents are driving a new wave of benefits fraud, and the government is still catching up.4 min readConcerning1 in 4 US financial firms report a deepfake fraud incident, survey findsA new industry survey shows AI-generated scams are already hitting banks and credit unions — and almost nobody is confident staff can spot them.3 min readConcerningAI-Faked Pay Stubs Are Driving a Rental Fraud Wave in San FranciscoAI tools now make it easy to forge convincing pay stubs and income records, and San Francisco landlords say they're the most worried in the country about it.3 min readConcerningAI helped scam seniors out of nearly $8 billion in 2025, FBI data showsScammers are using AI to research victims, clone voices, and run scripts at scale — pushing adult children into unpaid roles as full-time fraud monitors for their parents.4 min readConcerningAI-Powered Scams Are Draining Seniors' Savings — and Burdening Their KidsAs AI helps scammers mine obituaries and clone voices, adult children are locking down parents' bank accounts and mail to stop losses that hit nearly $8 billion last year.4 min readMixedMoody's: Banks Racing Into AI Risk Becoming Dependent on a Few Tech GiantsA new Moody's report says banks' rush to adopt AI could leave them exposed to outages, price hikes, and job cuts tied to a handful of Silicon Valley model providers.4 min readConcerningBank customer loses £14,000 after fraudsters used his card to buy AI creditsA Metro Bank customer said "no" to a suspicious payment — but the bank only blocked that one transaction, letting fraudsters drain his account via an AI chatbot subscription.4 min readMixedLloyds plans £2bn in cuts as AI takes on advice, pricing and mortgage checksThe UK's biggest high street bank will lean on AI and agentic tech to cut costs and grow, while staying vague on how many jobs go.