Banking app scams are rapidly emerging as one of the fastest-growing cybercrimes, prompting concerns about whether banks are doing enough to protect their customers. Australian banks have criticized Meta, Facebook's parent company, for allowing scammers to exploit its platforms to target victims. A recent investigation revealed that Australia is becoming a prime target for scammers, costing citizens billions annually. The investigation indicated that many scams could have been prevented. One notable case involved a 53-year-old French woman, identified as Anne, who lost her life savings of €830,000 to scammers posing as the actor Brad Pitt using deepfake technology. The rise of AI-driven scams, particularly romance scams targeting cryptocurrency users, has raised new challenges for fraud prevention, with reports of a $46 million scam ring dismantled in Hong Kong and 800 arrests in Nigeria. These developments highlight the increasing sophistication of fraud tactics, including the use of deepfakes and voice cloning, making it imperative for individuals to remain vigilant.