Tech

AI-powered scam calls grow more convincing and common

AI-powered scam calls are getting more convincing—and more common. A CNBC report highlights a high-profile impersonation trend, underpinned by rising losses and a Rutgers study suggesting end-to-end AI calls with no human involvement.

AI-powered scam calls grow more convincing and common

Key Takeaways

  • 2025 FTC data show roughly 1 million imposter-scam cases with losses over $3.5 billion.
  • FTC data also show social media scam losses of $2.1 billion in 2025, up 8x since 2020.
  • The rise of voice cloning and spoofed IDs enables highly convincing impersonations in calls.
  • Practical defenses recommended include MFA, voice biometrics, call screening, employee training, and incident-response planning.

People Involved

  • Sanket BadheRutgers University researcher; author of 2025 end-to-end AI scam calls study
  • BednowitzAuthor of 2025 study on scams and social engineering

Entities Involved

  • Rutgers UniversityAcademic institution conducting AI scam study
  • Federal Trade Commission (FTC)Regulator providing data on scam losses

MarketMoodz Analysis

For corporate treasurers, security officers, and procurement teams, AI voice cloning raises the risk of impersonation in payments and vendor onboarding. The data points to mounting losses as voice-based social engineering becomes more scalable and autonomous, underscoring the need for stronger verification and incident response readiness across the enterprise.

Historically, fraud has evolved with technology; the shift to end-to-end AI calls marks a step-change in attacker capability. If Rutgers’ findings hold, attackers could operate with fewer humans, accelerating loss velocity. Investors should monitor regulatory developments, adoption of voice biometrics by banks and big enterprises, and the pace at which firms implement multi-factor authentication and call-screening in critical communications.

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This article is for informational purposes only and is not investment, financial, tax, or legal advice. Ratings and research outputs can be wrong, incomplete, or stale. Past performance does not guarantee future results. Always do your own research and consider consulting a qualified professional.