New AI Fraud Schemes Are Pushing Losses to Record Highs

CFP Board research shows financial fraud is increasing, with nearly two-thirds of Americans encountering it and losses reaching $16 billion in 2025, highlighting gaps in preparedness, said Kevin Roth, Managing Director of Research at CFP Board. Roth noted prevention strategies must evolve alongside more advanced, AI-driven scams, while CFP Board Ambassador David Zuckerman, CFP® emphasized the need for independent verification, including confirming wire requests by phone.

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