AI-based scams are becoming increasingly sophisticated, leveraging advanced artificial intelligence to create seamless, human-like interactions that can deceive even the most vigilant individuals. These scams, which have evolved from poorly-worded emails to high-tech heists, are capable of stealing identities and assets at an alarming rate. The rise in AI-powered scams has prompted a cybersecurity arms race, with financial institutions and other entities deploying their own AI defenses to combat these threats. Experts warn that the battle between AI-driven scams and AI-based defenses could become an ongoing cycle, posing significant challenges to cybersecurity. BusinessInsider's eveuptonclark has reported extensively on this issue.