Artificial intelligence is lowering barriers for criminals to buy ready-made scam phone farms and carry out fraud, researchers have warned. Security firm Human Security bought and reverse engineered a kit to study how the technology enables romance scams, investment fraud, and account takeovers. It estimated that fraudsters can operate a farm for just $2790 a month to access a cybercrime market worth tens of billions. The report warned that hardware, orchestration software, and cloud phones now snap together easily to let casual actors set up operations. Figures from the FBI cited in the report show romance fraud alone cost victims nearly $930m last year.

Background: Financial Crime and Fraud Detection

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