- Scams are everywhere — spoofed texts, fake bank calls and celebrity crypto ads — and are growing more convincing with tools like AI, so anyone can be targeted.
- This is an industrial, transnational problem: a trillion-dollar scam industry often run from Southeast Asian compounds using trafficked workers; Americans lost at least $10 billion to those networks in 2024.
- Experts say the U.S. needs tougher action — sanctions, laws letting banks share fraud intelligence, stricter ad verification and liability for platforms and call‑routing firms — and that AI/blockchain tech can help if policymakers act.
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