The AI Fraud Factory: Why Spotting Deepfakes Will Not Save You

The software on the slide looked like something a sales team would buy. There was a dashboard. There were contact targets for the day. There was a pipeline that tracked each prospect from first message to final payment, and an assistant that suggested the next reply. Eric Huber, senior manager of adversary intelligence and disruption at TD Bank, was showing it to an audience at Black Hat USA 2026 in Las Vegas in August. The prospects in the pipeline were fraud victims. The workers hitting their daily quotas were, in many cases, trafficked people held in scam compounds in Cambodia and Myanmar, who faced punishment if they fell short.
One of the tools Huber demonstrated, according to reporting by Joel Witts at Expert Insights, was a reply generator called Editone. An operator loads a victim's profile alongside a fabricated persona, and the software drafts responses designed to land. It has voice cloning built in. Translation software lets a worker who speaks one or two languages work a target in a third. Tara Seals of Dark Reading described another kit, ProKYC, used by Nigerian fraud rings to defeat banks' identity checks by generating forged “selfie with ID” images stamped with fake location metadata, so a picture taken in Nigeria appears to come from Sydney. Her headline summed up the session: AI had sent global crime syndicates into “fraud nirvana”.
Huber was careful about one point, and it matters more than the headline. The tools, he said, do not automate the scam. They “help some poor person do the scamming by creating responses that are going to be the most effective.” What he described was not a robot that defrauds people by itself. It was a factory: a production line in which human labour, software and management systems are arranged to maximise output per worker, and in which each new piece of AI removes another bottleneck.
That distinction reframes the question people actually ask. When a voice that sounds exactly like your son calls in tears, or a colleague's face appears on a video call asking for an urgent transfer, or a stranger online seems to understand you better than anyone has for years, how do you tell the real from the manufactured? The uncomfortable answer from the research of the past year is that, in most cases, you cannot, at least not by looking and listening. The more useful answer is that you were never supposed to have to. Factories are beaten by changing their economics, not by asking each customer to inspect the product more closely.
A Production Line Built on Conversation
To understand why AI matters to fraud, start with what fraud work consists of. The most detailed answer comes from a study posted to arXiv in December 2025 by Gilad Gressel, Rahul Pankajakshan, Shir Rozenfeld, Ling Li, Ivan Franceschini, Krishnashree Achuthan and Yisroel Mirsky, titled “Love, Lies, and Language Models: Investigating AI's Role in Romance-Baiting Scams”. The researchers interviewed 145 insiders and five victims. Their central finding was that 87 per cent of scam labour consisted of what they called “systematized conversational tasks”, the scripted, repetitive work of building rapport over weeks of text messages before steering a target towards a fraudulent investment.
That figure is the key to the whole economy. A scam compound is, in effect, a call centre whose product is trust, and most of its costs are the hours it takes to produce that trust one conversation at a time. The team then tested what happens when a machine does the talking. In a week-long blinded study, a language-model agent elicited more trust from participants than human operators did, and achieved higher compliance with requests: 46 per cent against 18 per cent for the humans. Commercial safety filters, run over the romance-baiting dialogues, flagged 0.0 per cent of them. The authors concluded that these scams “may be amenable to full-scale LLM automation”.
International law enforcement has reached a similar conclusion. In March 2026, INTERPOL published its second Global Financial Fraud Threat Assessment, timed for its Global Fraud Summit. The organisation reported that AI-enhanced fraud is 4.5 times more profitable than traditional methods, and that fraud-related INTERPOL Notices and Diffusions, the alerts member countries use to flag suspects and methods, had risen 54 per cent since 2024. It warned that agentic AI systems can now run complete fraud campaigns, from reconnaissance to ransom demands. It described hybrid tactics in which sextortion is built into romance and investment scams using scripts and AI-generated content, and scam centres that were once regional now operating worldwide and involving hundreds of thousands of people, many of them trafficked. Valdecy Urquiza, INTERPOL's Secretary General, put it in a single phrase: “we are witnessing the industrialization of fraud.”
The United Nations Office on Drugs and Crime, in a threat assessment launched in Bangkok in July 2026, estimated scam losses across East and South-East Asia, Australia and New Zealand at between $88.3 billion and $114.1 billion in 2025. It documented the use of generative AI, deepfakes and automated fraud, and found people from at least 80 countries and territories inside the region's compounds. The geography of the labour force and the geography of the victims are both global.
Academic work has started to describe the same shift in its own terms. A January 2026 paper by Heedou Kim, Changsik Kim, Sanghwa Shin and Jaewoo Kang, which built a detection system called ScriptMind from 571 real Korean phone scam cases, observes in its introduction that “with advances in LLMs and generative AI, such scams have evolved into large-scale, organized, and multi-channel attacks.” A survey of AI-driven cybersecurity threats by Sai Teja Erukude, Viswa Chaitanya Marella and Suhasnadh Reddy Veluru, also posted in January 2026, puts it more bluntly: “The real danger of AI in cybercrime is that it's now possible to automate complex and large-scale scams.”
The Arithmetic of a Five-Minute Phone Call
Factories exist because of unit economics, and the most useful recent paper on AI fraud is an exercise in accounting. “Evaluating AI Models' Capability to Automate Voice Phishing Attacks”, by Fred Heiding of Harvard Kennedy School and colleagues including Claudio Mayrink Verdun, Simon Lermen, Andrew Kao and researchers at Meta, was posted to arXiv in July 2026 and published in the journal Expert Systems With Applications.
The team ran a survey experiment with 4,100 American adults, exposing them to recordings or transcripts of scam calls voiced by leading AI voice models, including systems from Google, OpenAI, ElevenLabs and Sesame, and comparing them with human-voiced versions. The overall compliance rate across five scam types was 16.5 per cent. In the “relative in distress” scenario, the one that maps onto the classic family emergency call, up to 36 per cent of participants said they would or might comply. Caller persuasiveness was the strongest predictor of compliance, and some synthetic voices, Sesame's in particular, were rated as persuasive as human ones or slightly more so.
Then came the accounting. A human vishing operator, calibrated at the average American non-farm wage of $34.55 an hour, handles about twelve five-minute attempts an hour. Assume the scammer extracts $450 from each successful victim, and that only 0.6 per cent of persuaded people actually pay, the lowest conversion rate the authors could find in any legitimate industry. On those assumptions, a human-run vishing operation at American wages loses around $27 an hour. Some AI models also lose money because inference is expensive. But others, including Gemini, Sesame and ElevenLabs, came out with positive expected profits. The authors estimated that building such a pipeline takes around 260 hours of engineering time. Their conclusion is the sentence that has travelled furthest from the paper: “even conservative estimates suggest that AI-automated vishing is economically viable at scales accessible to individual bad actors, not just organized crime syndicates.”
Precision matters here. The authors call AI vishing “roughly break-even” across the models they surveyed, not wildly profitable, and they found that targeting particular demographic groups was not yet worth its cost. So the popular shorthand, that the barrier to industrial fraud has fallen to zero, overstates the evidence. The real finding is subtler and more worrying. The constraint that used to cap phone fraud was human time. Each operator could hold one conversation at a time, and in a high-wage country that time cost more than the fraud returned. AI removes the constraint. As the paper notes, AI agents “can conduct thousands of concurrent calls, limited mainly by telephony and network capacities rather than human capacity.” The authors call the result an “automation dividend”: a situation in which “even small per-call success probabilities translate into large aggregate losses.”
Researchers outside the paper say the same thing in plainer language. In February 2026, the Guardian's Aisha Down reported on an analysis of the AI Incident Database, which found that frauds, scams and targeted manipulation had been the largest category of incidents reported to the database in 11 of the previous 12 months. Simon Mylius, an MIT researcher who works on a project linked to the database, told the paper that “capabilities have suddenly reached that level where fake content can be produced by pretty much anybody,” and that “there is really effectively no barrier to entry.” Heiding, quoted in the same piece, said: “It's becoming so cheap, almost anyone can use it now.”
Why Volume Beats Brilliance
The factory framing explains an apparent paradox. AI fraud does not have to be brilliant. It has to be good enough, cheap enough and plentiful enough.
A traditional con artist needed a high hit rate because each attempt cost hours of skilled work. A factory needs only a positive expected value per attempt, multiplied by a very large number of attempts. A 16.5 per cent compliance rate, or even a fraction of one per cent conversion to actual payment, is a disaster for an individual criminal working by hand. For an automated system running thousands of calls at once, around the clock, in dozens of languages, it is a business model. The Heiding team's economics deliberately assumed that AI scales no better than humans, which they acknowledge “is likely to underestimate the reach of AI-automated vishing”.
This is why the losses keep climbing. The FBI's Internet Crime Complaint Center reported 1,008,597 complaints in 2025, the first year it crossed one million, and reported losses of $20.877 billion, up 26 per cent on 2024. Investment fraud alone accounted for $8.6 billion. According to a Department of Justice release in April 2026, losses in the category of investment fraud the department ties to South-East Asian scam centres rose 24 per cent in 2025 to more than $7.2 billion.
The FBI also counted more than 22,000 complaints with an AI connection, with associated losses of nearly $900 million. That number is likely an undercount, for a reason that goes to the heart of the problem: victims usually have no way of knowing whether a message, a voice or a face was machine-made. Fraud built on synthetic trust leaves no fingerprint that the person defrauded can see. Statistics on “AI-enabled fraud” therefore measure the cases where AI was obvious, not the cases where it worked.
None of the technologies involved is exotic. Voice synthesis, real-time video generation and conversational language models are the same tools that power customer service bots, dubbing software and AI companions. The fraud factory does not need a research laboratory. It rents the consumer technology stack and points it at a different goal.
Your Senses Were Never the Security System
The standard advice to the public has long rested on perception. Listen for the robotic cadence. Watch for the blink that comes too late, the hands that look wrong, the shadow that falls the wrong way. Even the FBI's December 2024 public service announcement on generative AI fraud advised people to “look for subtle imperfections in images and videos, such as distorted hands or feet, unrealistic teeth or eyes”, and to “listen closely to the tone and word choice” to tell a loved one from a cloned voice.
The evidence on whether people can do this is not encouraging. In 2024, Alexander Diel and colleagues published a systematic review and meta-analysis of 56 papers on human deepfake detection in Computers in Human Behavior Reports, pooling results from more than 86,000 participants. Total detection accuracy was 55.54 per cent. Because the confidence interval crossed 50 per cent, the authors concluded that overall detection was not significantly better than chance. Audio was the easiest format at 62.08 per cent; images and text were barely distinguishable from guessing. An earlier study in iScience by Nils Köbis, Barbora Doležalová and Ivan Soraperra summed up the psychological trap in its title: “Fooled twice: People cannot detect deepfakes but think they can.”
Muhammad Tahir Ashraf, a practitioner and technology entrepreneur, made the consequence explicit in an April 2026 arXiv paper titled “Synthetic Trust Attacks”. “Generative AI is the force-multiplier behind this surge,” he writes, “enabling voice cloning, video deepfakes, and LLM-driven conversations that scale social engineering attacks to industrial speed.” His core argument is that existing defences focus on detecting synthetic media, while “the real attack surface is the victim's decision.” Citing the detection figures and the 46 versus 18 per cent compliance gap, he concludes that “the perception layer has already failed.” Ashraf's framework is a model rather than an empirical study, but its diagnosis lines up with the data.
The clearest real-world illustration remains the case Ashraf opens with. In early 2024, an employee in the Hong Kong office of the British engineering firm Arup joined a video call with people who appeared to be the company's chief financial officer and other colleagues. All of them were synthetic. The employee made 15 transfers totalling HK$200 million, about US$25.6 million, according to Hong Kong police as reported by CNN. Rob Greig, Arup's global chief information officer, later told the World Economic Forum that this was not a cyberattack in the usual sense, because no system was breached. “What happened at Arup,” he said, “I would call it technology-enhanced social engineering.” Nothing was hacked except a person's reasonable belief that the faces on the screen were real.
If perception has failed, then asking individuals to look harder is not a defence. It is a transfer of risk to the person least able to bear it.
The Executive Who Asked About a Book
There is a better model, and some of the most instructive examples come from people who were not fooled.
In July 2024, Bloomberg reported that an executive at Ferrari had received a series of WhatsApp messages, from an unfamiliar number, purporting to come from the chief executive, Benedetto Vigna. They described a confidential acquisition. A phone call followed, in a voice that imitated Vigna's southern Italian accent convincingly. The executive grew suspicious and said, according to the report: “Sorry, Benedetto, but I need to identify you.” He asked for the title of a book Vigna had recommended to him days earlier. The call ended abruptly.
That executive did not detect a deepfake. He did not spot a glitch or a wrong vowel. He applied a procedure: a challenge whose answer existed only in a shared history that the impersonator could not access. That is the crucial shift. A procedure works whether or not the fake is perfect. Perception works only when the fake is flawed, and the factories are paid to remove the flaws.
The second example shows what happens when procedure fails at the individual level but works at the system level. On 24 March 2025, a finance director at a multinational company in Singapore was contacted on WhatsApp by someone posing as the company's chief financial officer. A purported lawyer called to stress confidentiality, and the director signed a non-disclosure agreement. On a Zoom call the next day, he saw the chief executive and other executives, impersonated with deepfakes. On 26 March he transferred more than US$499,000 from the company's HSBC account into what turned out to be a money mule account. The scam came to light only when the fraudsters asked for another US$1.4 million. He alerted HSBC, which immediately notified Singapore's Anti-Scam Centre. By 28 March, working with the Anti-Deception Coordination Centre of the Hong Kong Police Force, the authorities had withheld the full amount that had been moved on to Hong Kong, more than US$494,000, and seized the remainder locally.
The director was fooled. The money was recovered anyway, because a bank, a national anti-scam centre and a foreign police unit could act within days across a border. The factory beat the person. It did not beat the system.
For individuals, the lesson is to replace judgement with routine wherever money or credentials are involved. The FBI's own list contains the useful parts: “Create a secret word or phrase with your family to verify their identity,” and verify a caller “by hanging up the phone, researching the contact of the bank or organization purporting to call you, and call the phone number directly.” The value of these steps is that they are channel-independent. A cloned voice cannot know a code word agreed at the kitchen table. A deepfaked colleague cannot intercept a call you place to a number you already hold. A romance that has never moved off one app, never met in a verifiable way and eventually turns to an “opportunity” fails a procedural test long before it fails a perceptual one.
Ashraf's paper packages similar advice as “Calm, Check, Confirm”, a protocol aimed at the moment of decision. The names matter less than the principle. Urgency, secrecy and a new channel are the three pressures that recur across the Arup, Ferrari and Singapore cases, and they recur because they are designed to stop the victim from running a procedure. Any request that combines them should trigger one automatically, however real the voice or face seems.
But these steps have limits. They protect people who set them up in advance, which disproportionately means the organised and the informed. They do little for someone isolated, someone in crisis, or someone whose new romantic interest has spent six weeks becoming the most attentive presence in their life. A defence that depends on billions of people behaving like a well-briefed Ferrari executive is not a defence against a factory. It is a lottery with better odds for some players.
Making the Bill Land Where the Fix Is
If individual vigilance cannot carry the load, the question becomes who can, and how to make them want to. The most promising answer of the past two years has been to move the cost of fraud onto the institutions that can change the factory's economics.
The United Kingdom made the boldest bet. Since 7 October 2024, the Payment Systems Regulator has required payment firms to reimburse most victims of authorised push payment fraud, the kind in which a victim is tricked into sending money themselves, up to £85,000, with the cost split between the sending and receiving firms. In the first full year, to the end of September 2025, the regulator reported that £173 million had been returned, 88 per cent of the money lost to in-scope scams. Only about three per cent of claims were rejected on the grounds that the customer had not taken enough care. More important for the factory argument, an independent evaluation published by the regulator in July 2026 found that APP fraud losses over Faster Payments fell by around 21 per cent after the requirement came in, a reduction of about £73 million a year, and that the rules had strengthened firms' incentives to invest in prevention. Reimbursement does more than compensate victims. When banks pay for fraud, they have a reason to hunt mule accounts, slow suspicious transfers and share the intelligence that makes fraud less profitable.
Singapore went further up the chain. Its Shared Responsibility Framework, developed by the Monetary Authority of Singapore and the Infocomm Media Development Authority and in force since 16 December 2024, assigns specific anti-phishing duties to banks and to telecoms operators, from real-time fraud surveillance to blocking unauthorised SMS sender IDs and filtering messages containing malicious links. Losses then flow down a “waterfall”: a bank that has breached its duties bears the loss first; if it has not, a telco that has breached its duties pays; only if both have complied does the loss stay with the consumer. The design point is that liability follows the specific failure, so each link in the chain has a reason to fix its own part.
Australia passed the broadest version. The Scams Prevention Framework Act, which cleared both houses of Parliament on 13 February 2025, imposes obligations to prevent, detect, report, disrupt and respond to scams on banks, telecoms providers and digital platforms, including social media, with civil penalties of up to A$50 million for serious breaches and a route for consumers to seek redress when a business has failed its obligations. The Australian figures also give the most honest picture of what system-level defence can and cannot do. According to the National Anti-Scam Centre, reported losses fell 25.9 per cent to A$2.03 billion in 2024, a drop the centre credited to joint work by government, industry, law enforcement and community groups. In 2025 they rose again by 7.8 per cent, to A$2.18 billion. Catriona Lowe, deputy chair of the Australian Competition and Consumer Commission, called scams a “wicked problem” because they are “complex, fast-evolving, and resistant to simple solutions,” and pointed to the “increasing sophistication in scam activity through artificial intelligence.”
That is the realistic shape of success. Coordinated systems can bend the curve. They cannot make a factory disappear. They have to keep changing its input costs faster than it can adapt.
Breaking the Machinery Upstream
The most direct way to raise a factory's costs is to attack its equipment, its premises and its money. Over the past year, that has started to happen.
The United Kingdom's Crime and Policing Act 2026, which received Royal Assent on 29 April 2026, created offences of possessing and supplying SIM farms without a legitimate reason. These devices, defined in government guidance as equipment able to use five or more SIM cards at once for calls or messages, allow a single operator to send scam texts at industrial volume. The government announced the measure in 2025 as a first in Europe and said it would take effect six months after Royal Assent. Critics have noted that much scam traffic originates abroad, which limits what a domestic ban can achieve. But the logic is sound. The offence targets the machine that multiplies one person's reach, rather than the message the machine sends.
In October 2025, after Myanmar's military said it had raided KK Park, one of the largest scam compounds on the Thai border, detaining more than 2,000 people and seizing 30 Starlink terminals, SpaceX said it had disabled more than 2,500 Starlink kits near suspected scam centres in the country. Reporting at the time noted that other compounds along the border remained active and that operations might simply relocate. Factories move when they are disrupted. That is a reason to disrupt them repeatedly, not a reason to stop.
The money is the third target. In October 2025, the US Department of Justice filed a civil forfeiture complaint against around 127,271 bitcoin, then worth roughly $15 billion, linked to Chen Zhi, chairman of Cambodia's Prince Group, whom prosecutors charged with wire fraud and money laundering conspiracy over forced-labour scam compounds. The US Treasury and the UK government imposed coordinated sanctions on the network. Chen and Prince Group have denied wrongdoing. Cambodia, which had revoked his Cambodian citizenship by royal decree in December 2025, arrested him on 6 January 2026 and, in a move announced the next day, sent him to China along with two other Chinese nationals. China's Ministry of Public Security said his group was suspected of fraud, running casinos and concealing criminal proceeds. The Justice Department's Scam Center Strike Force, created in November 2025, said by April 2026 that it had restrained more than $700 million in cryptocurrency and taken down more than 500 fraudulent investment websites. By September 2026, after a single-day action that restrained about $52 million linked to Xinbi Guarantee, a Telegram-based marketplace sanctioned by the US Treasury the same day, its cumulative total had reached about $938 million. INTERPOL, for its part, launched Operation Shadow Storm, a task force funded by the UK Home Office to go after the financial networks behind scam centres.
None of these actions alone ends industrial fraud. Together they move effort away from the moment a victim must decide whether a voice is real, and towards the infrastructure that makes it cheap to fake the voice ten thousand times.
Building Factories That Waste the Factory's Time
There is a further move available, and it has a pleasing symmetry. If AI makes it cheap for criminals to hold thousands of conversations, it makes it equally cheap for defenders to hold thousands of conversations with criminals.
In November 2024, the British mobile operator Virgin Media O2 unveiled Daisy, an AI “granny” built to answer scam calls in real time. It chains together a speech-to-text model, a custom language model with a character layer, and a synthetic voice, and it was trained with help from the YouTube scambaiter Jim Browning. O2 seeded Daisy's numbers onto the lists scammers use to find victims. The company said Daisy had kept numerous fraudsters on the phone for 40 minutes at a time. Murray Mackenzie, O2's director of fraud, warned that “no matter how persuasive someone on the other end of the phone may be, they aren't always who you think they are.”
Australia's Commonwealth Bank has taken the idea further. In June 2025 it announced a partnership with Apate.ai, a company spun out of Macquarie University's Cyber Security Hub and led by Professor Dali Kaafar. Apate runs a network of honeypot phone numbers designed to be found by scammers. When they call, they reach AI bots with varied ages, genders and accents, tuned with Australian slang, that keep them talking while gathering intelligence on their scripts and tactics. That intelligence feeds into the bank's scam controls and the wider anti-scam network in near real time.
The ScriptMind paper points the same way from the detection side. Its authors fine-tuned an 11-billion-parameter model on 22,712 structured examples built from real scam cases, report that it outperformed GPT-4o by 13 per cent, and found that in simulated calls it raised and sustained users' suspicion. The idea is not to ask people to hear the fake, but to have a machine recognise the script every factory relies on and warn the person in the moment.
These systems will not stop fraud alone, and some of them, Daisy especially, are partly marketing exercises whose results are reported by the companies themselves. But they point at the right target. A fraud factory's margin depends on the share of its labour and compute that reaches paying victims. Every minute a worker or an AI agent spends talking to a bot that will never pay, and every script that is captured and turned into a warning, is a cost the factory has to absorb. Automation does not only help the attacker. For once, it lets defenders operate at the same scale.
What Protection Looks Like for One Person Facing a Machine
So, back to the person holding the phone.
The honest answer to how an individual distinguishes a genuine interaction from a manufactured one is that, much of the time, they cannot by sense alone. Human detection sits close to chance. AI voices and conversationalists match or beat humans. And the factory does not need to fool you in particular. It needs to fool a small fraction of a very large number of people, and it can now afford to try them all.
What remains is a smaller set of habits that do not depend on perception at all. Agree a code word with the people whose voices you would trust in a crisis. When a request involves money, credentials or secrecy, end the conversation and re-establish contact through a channel you already hold. Treat urgency, confidentiality and a new or unusual channel, appearing together, as the signature of a procedure being bypassed. Talk to someone before you pay. None of that requires you to be a forensic analyst. All of it works whether the fake is crude or perfect.
The larger answer is that protection for one person has to be built mostly out of things that one person does not control. It looks like a bank that has a financial reason to stop the transfer, because it will pay if it does not. It looks like a telecoms network that blocks the SIM farm and the spoofed sender, because it bears a share of the loss when it fails to. It looks like a platform that faces penalties for letting a scam reach its users. It looks like anti-scam centres that can freeze money across a border within a day of the alarm being raised, satellite providers that cut off compounds, prosecutors who seize the bitcoin, and defensive AI that wastes the attackers' hours and steals their scripts.
INTERPOL's Valdecy Urquiza warned that the cost of financial crime “is not just money – it is people's life savings, their dignity, and in the worst case, their life.” The fraud factory runs on the assumption that this cost will continue to fall on individuals, one call, one video and one conversation at a time. The evidence from London, Singapore and Canberra suggests that assumption can be broken, and that the right response to industrialised deception is not a more suspicious public. It is an industrial defence. Every person on earth may now be a potential target. That does not make every person on earth responsible for being the last line of defence.
References and Sources
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- Federal Bureau of Investigation. “Criminals Use Generative Artificial Intelligence to Facilitate Financial Fraud.” Public Service Announcement, Alert Number I-120324-PSA, 3 December 2024. https://www.ic3.gov/psa/2024/psa241203
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- Ashraf, Muhammad Tahir. “Synthetic Trust Attacks: Modeling How Generative AI Manipulates Human Decisions in Social Engineering Fraud.” arXiv:2604.04951, submitted 2 April 2026. https://arxiv.org/abs/2604.04951
- Magramo, Kathleen. “British engineering giant Arup revealed as $25 million deepfake scam victim.” CNN, 16 May 2024, https://edition.cnn.com/2024/05/16/tech/arup-deepfake-scam-loss-hong-kong-intl-hnk; and World Economic Forum, interview with Rob Greig, Global Chief Information Officer, Arup, February 2025, https://www.weforum.org/stories/2025/02/deepfake-ai-cybercrime-arup/
- Bloomberg. “Ferrari Narrowly Dodges Deepfake Scam Simulating Deal-Hungry CEO.” 26 July 2024; see also Motor1, “Someone Deepfaked Ferrari CEO's Voice and Tried to Scam the Company”, July 2024. https://www.motor1.com/news/728264/ferrari-ceo-deepfake-voice-phone/
- Singapore Police Force. “Singapore and Hong Kong Police Force Recover Over $670,000 in a Scam.” News release, 7 April 2025. https://www.police.gov.sg/media-hub/news/2025/04/20250407_singapore_and_hong_kong_police_force_recover_over_$670000_in_a_scam
- Payment Systems Regulator. “One year on: impact of APP reimbursement on victims.” 2025, https://www.psr.org.uk/news-and-updates/latest-news/news/one-year-on-impact-of-app-reimbursement-on-victims/; and the independent evaluation published by the regulator in July 2026, as summarised in Norton Rose Fulbright, Regulation Tomorrow, “Payment fraud falls by £73m following PSR reimbursement scheme”, 1 July 2026, https://www.regulationtomorrow.com/2026/07/payment-fraud-falls-by-73m-following-psr-reimbursement-scheme/
- Infocomm Media Development Authority and Monetary Authority of Singapore. “Implementation of Shared Responsibility Framework.” Joint press release, 24 October 2024; and MAS, “Guidelines on Shared Responsibility Framework”. https://imda.gov.sg/resources/press-releases-factsheets-and-speeches/press-releases/2024/implementation-of-shared-responsibility-framework
- Gilbert + Tobin. “The Scams Prevention Framework legislation passes Parliament: time to get your house in order.” February 2025. https://www.gtlaw.com.au/insights/the-scams-prevention-framework-legislation-passes-parliament-time-to-get-your-house-in-order
- Australian Competition and Consumer Commission, National Anti-Scam Centre. “Targeting scams: Report of the National Anti-Scam Centre on scams data and activity 2024.” March 2025, https://www.accc.gov.au/about-us/publications/serial-publications/targeting-scams-reports-on-scams-activity/targeting-scams-report-of-the-national-anti-scam-centre-on-scams-data-and-activity-2024; and Croft, Daniel, “Scams cost Australians over $2bn in 2025, says ACCC”, Cyber Daily, 30 March 2026, including quotes from Catriona Lowe, Deputy Chair, ACCC, https://www.cyberdaily.au/security/13400-scams-cost-australians-over-2bn-in-2025-says-accc
- UK Home Office. “Major step for fraud prevention with landmark ban on SIM farms.” GOV.UK news story, 2025; and “Crime and Policing Act 2026 guidance: offences relating to the possession and supply of SIM farms”, GOV.UK, July 2026. https://www.gov.uk/government/news/major-step-for-fraud-prevention-with-landmark-ban-on-sim-farms
- Arab News, via Agence France-Presse. “SpaceX says 'disabled' 2,500 Starlink devices at Myanmar scam centers.” October 2025. https://www.arabnews.com/node/2619810/world
- US Department of Justice, US Attorney's Office for the Eastern District of New York. “Chairman of Prince Group Indicted for Operating Cambodian Forced Labor Scam Compounds Engaged in Cryptocurrency Fraud Schemes.” Press release, 14 October 2025, https://www.justice.gov/usao-edny/pr/chairman-prince-group-indicted-operating-cambodian-forced-labor-scam-compounds-engaged; Elliptic, “Prince Group targeted with $15B crypto seizure and sanctions for pig butchering operations”, October 2025, https://www.elliptic.co/blog/prince-group-targeted-with-crypto-sanctions-for-global-pig-butchering-operations; Associated Press, “Businessman extradited from Cambodia to China suspected of running vast online criminal empire”, 8 January 2026, republished by NY1, https://ny1.com/nyc/all-boroughs/ap-top-news/2026/01/08/businessman-extradited-from-cambodia-to-china-suspected-of-running-vast-online-criminal-empire; and CamboJA News, “Chen Zhi, Alleged Scam Network Kingpin, Sent to China”, 8 January 2026, https://cambojanews.com/chen-zhi-alleged-scam-network-kingpin-sent-to-china/
- Virgin Media O2. “O2 unveils Daisy, the AI granny wasting scammers' time.” Press release, 14 November 2024, including quotes from Murray Mackenzie, Director of Fraud. https://news.virginmediao2.co.uk/o2-unveils-daisy-the-ai-granny-wasting-scammers-time/
- Commonwealth Bank of Australia. “CommBank deploys AI bots to outsmart scammers” (partnership with Apate.ai). Newsroom, June 2025. https://www.commbank.com.au/articles/newsroom/2025/06/apate-ai.html

Tim Green UK-based Systems Theorist & Independent Technology Writer
Tim explores the intersections of artificial intelligence, decentralised cognition, and posthuman ethics. His work, published at smarterarticles.co.uk, challenges dominant narratives of technological progress while proposing interdisciplinary frameworks for collective intelligence and digital stewardship.
His writing has been featured on Ground News and shared by independent researchers across both academic and technological communities.
ORCID: 0009-0002-0156-9795 Email: tim@smarterarticles.co.uk
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