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▶ 4:54 · AI Applications · Scam syndicates are the most profitable early AI adopters, per research
episode briefing
The Information

Inside The $200B AI Scam Industry

2026-07-20 · 1 company · 3 thematic
sentiment
1 bull0 bear0 neu
speakers
patrick coglin

Spent 20 years in national security and enterprise cybersecurity before founding Savvy Security after his mother was targeted by an AI voice-cloning kidnapping scam. Author of a book researching scam syndicates' AI adoption on the dark web.

now playing · AI Applications
Cybersecuritytailwindscore 8/10patrick coglin
AI-powered scams hit $200B annual losses as criminals shift to consumers
Generative AI lets scam syndicates run personalized impersonation attacks at scale — 9x volume and 4x revenue vs non-AI peers — moving sophistication once reserved for nation-state targets…
AI Applicationstailwindscore 7/10patrick coglin
Scam syndicates are the most profitable early AI adopters, per research
Criminal organizations across Eastern Europe, Southeast Asia, and West Africa deploy generative AI for industrial-grade impersonation, achieving 9x message volume and 4x revenue versus peer…
AI Regulation & Policyriskscore 6/10patrick coglin
API access to frontier models easier than buying pseudoephedrine, says founder
Current guardrails are insufficient: anyone can get an API key for the most advanced models and weaponize them for scams; increasing friction for bad actors to access cutting-edge AI is a n…