AI scams exploit love and fear, now the CEO wants a plan
A $579.4B fraud problem is getting personal.
The story
Nasdaq CEO Adena Friedman calls for a national strategy to combat rising global fraud losses, which reached $579.4 billion in 2025, as criminals use AI to scale and personalize scams.
Source: fortune.com
Our reading
The Nasdaq CEO is asking the government to help fight fraud, which is now a $579.4 billion problem. That’s a lot of money, but the real joke is that the fraud isn’t just about numbers—it’s about emotions. Scammers are using AI to exploit people’s fears and desires, like love or panic. It’s not just a technical issue anymore, it’s a psychological one. And the people who are most affected? Probably the ones who don’t have the tech to protect themselves. The CEO is right that this is too big for one company to handle, but it’s also too big for one government to fix. The real question is who’s going to pay for it—and who’s going to be the next victim.
