AI driving online fraud as Irish scam victims lose an average €124

Victims spend an average of 8.9 days resolving online scams

Online scam cost Irish consumers an average €124.50 with fraudulent advertising and AI-generated scams driving the issue. Picture: iStock

Online scam cost Irish consumers an average €124.50 with fraudulent advertising and AI-generated scams driving the issue.

An estimated €71.8m is lost to the economy through online scams annually, according to finance and payments firm Visa. A survey of 1,000 adults conducted by Opinium for Visa highlighted the scale of the problem.