AI fraud costing victims millions of dollars

Deepfake scams are becoming harder to spot as criminals use AI to impersonate officials and public figures, with one victim in Singapore losing nearly $4 million to a deepfake scam, according to a report by Al Jazeera's Patrick Fok published on 23 Aug 2026. Researchers warn the technology is becoming easier to create, increasing the risk of fraud.

AI fraud costing victims millions of dollars NewsFeed /video/newsfeed/ AI fraud costing victims millions of dollars Deepfake scams are becoming harder to spot as criminals use AI to impersonate officials and public figures. In Singapore, one victim lost nearly $4m to a deepfake scam, while researchers warn the technology is becoming easier to create. Al Jazeera’s Patrick Fok reports. Published On 23 Aug 2026