Source: The Next Web
Fraud has become a major economic sector—not an externality but a functioning market with sophisticated operators, technology stacks, and supply chains that rival legitimate businesses. Traditional friction points (detection, prosecution, victim education) are being outpaced by AI-assisted personalization, cross-border coordination, and the volume advantage scammers gain from targeting billions of connected consumers with minimal operational cost. For brands and fintech platforms, this reframes customer acquisition and retention: skepticism is now a competitive advantage, and the cost of trust-building directly competes against the efficiency of frictionless onboarding.