VISA Warns That AI is Accelerating Scams
AI has undeniably changed daily life, helping people work faster and automate routine tasks. Yet alongside those benefits, concerns about the technology continue to grow. Critics have pointed to its environmental cost, workplace disruption, and the spread of AI-generated content. Now, financial fraud is emerging as another major concern. According to Visa’s Spring 2026 Biannual Threats Report, cybercriminals are increasingly relying on AI to expand the reach of scams and make deceptive tactics appear more legitimate. Data from the company showed that during the latter half of 2025 alone, nearly $1 billion in scam-related activity was detected. Michael Jabbara, Visa’s senior vice president of payment ecosystem risk and control, noted that AI has dramatically…