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AI-Driven Scams Surge in Australia, Prompting Record Takedowns by Regulators
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Australian and New Zealand regulators report a surge in AI-powered scams, with AI used to generate deepfake videos, fake endorsements, and targeted ads, leading to billions in financial losses. In 2025, ASIC removed nearly 12,000 scam websites and over 1,100 fraudulent ads, highlighting AI's role in escalating online fraud.