Love at First Sight? AI Making It Even Harder to Detect Romance Scams

As more people look to find love on dating apps and social media these days, so too are those looking to commit romance scams as artificial intelligence makes it harder to know what’s real and what isn’t. Larry Zelvin, head of BMO’s financial crimes unit, says AI and social media are changing the game. While financial institutions are using AI systems to help detect fraud, scammers are using those same tools to craft better messages and better videos to perpetrate their crimes. “AI also will lower the bar for people interested in doing this fraud and don’t want to put in the effort,” Mr. Zelvin says....