Text scams, also known as smishing, are rapidly increasing in profitability and prevalence, with Americans reporting $470 million in losses in 2024 alone. This surge is largely attributed to the accessibility of AI-powered tools like FraudGPT and WormGPT, which enable scammers to generate highly convincing and grammatically correct messages at scale. These AI tools are eroding traditional scam tells such as misspellings and poor phrasing, making it more difficult for even cautious individuals to identify fraudulent communications. AI
RANK_REASON Article discusses the rise of AI-enabled text scams and their impact, but does not announce a new model or product.
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