London police report 395% surge in AI-related fraud cases

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The City of London Police reported a 395% increase in AI-related fraud cases during the 2025/26 fiscal year, with incidents rising from 193 to 956 and losses reaching £9.6 million. Scammers use AI to create fake videos, clone voices, and build fraudulent websites for investment scams, often using cryptocurrency to transfer funds. Between January and June 2026, over 180,000 victims received case updates, with review times reduced from 37 to 5 days. Victims are encouraged to report fraud through the Report Fraud platform. Traders should review the daily market report and monitor altcoins for potential risks.

According to the City of London Police’s first Annual Fraud Reporting Assessment Report (2025/26 fiscal year), reports of AI-related fraud surged from 193 to 956 cases—an increase of 395%—with associated losses rising from £1.2 million to £9.6 million. The report reveals that criminals are increasingly using AI-generated videos, voice cloning, and fake websites to carry out investment scams, while leveraging cryptocurrencies to launder illicit proceeds. Between January and June 2026, over 180,000 victims received case updates, with the average review time for reports reduced from 37 days to just 5 days. The City of London Police urges all victims to actively report incidents via the Report Fraud platform to help law enforcement identify emerging threats and protect additional potential victims.

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