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Kiplinger
Kiplinger
Business
Chris Dixon, RFC®

Is That Really Your Grandkid Calling, or an AI Scam Trying to Rip You Off? 3 Tips to Protect Your Money

(Image credit: Getty Images)

Coca-Cola is making AI-generated commercials, and an entirely AI-generated folk band has passed 1 million listeners on Spotify… It's safe to say artificial intelligence has exploded into the mainstream and evolved at a breakneck pace.

Unfortunately, scammers have taken note, found ways to make this tool their own and made retirees their prime target. The "phantom hacker" scam, for example, has drained more than $1 billion from victims since 2024.

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