The creation of Daisy aims to protect potential victims by keeping scammers occupied and serves as a reminder to consumers to stay vigilant against fraud. This comes amid a global increase in scams, with consumers reporting over $10 billion in losses from online scams last year, and almost 1 in 3 Americans falling victim to a scam with an average loss of $1,600 per person.
Key takeaways:
- Scambaiting is a process where the target of a scam knowingly wastes the scammer's time, and a UK company, Virgin Media O2, has developed an AI chatbot to automate this process.
- The AI chatbot, named Daisy, is designed to engage with fraudsters in human-like conversation to waste their time and keep them away from real people.
- Almost 1 in 3 Americans have been victims of a scam in the past year, with consumers reporting more than $10 billion in losses from online scams.
- Virgin Media O2 partnered with popular scambaiter on YouTube, Jim Browning, to train the AI chatbot, which has successfully kept fraudsters on calls for up to 40 minutes at a time.