Scamnetic just scored a huge win in the fight against online scams. The company raised $13 million to build better AI tools that spot internet fraud before it hurts people.
Scams have gotten much smarter recently. Criminals now use AI to create fake videos, voice messages, and websites that look surprisingly real. This makes it harder for regular people to tell what’s fake.
“Scammers are using AI to create cons that can fool even careful people,” says Daniel Kelley, who started Scamnetic after his grandmother almost lost money to a phone scam.
The company’s technology works like a digital detective. It scans websites, messages, and other content to find hidden clues of scams that human eyes might miss. Their systems can spot fake shopping sites or dangerous links that steal personal information.
What makes Scamnetic different is how it handles new types of scams. Most security tools only catch scams they’ve seen before. But Scamnetic’s AI learns and adapts to spot brand-new tricks criminals create.
The $13 million came from investors who see how big this problem is growing. Online scams cost Americans over $10 billion last year alone, according to the FBI. And that number keeps rising.
Scamnetic plans to use this money in three main ways. First, they’ll hire more engineers to improve their AI. Second, they’ll create tools for banks and shopping websites. Third, they’ll build free protection for everyday internet users.
“We’re in a technology arms race with scammers,” explains Jane Martinez, Scamnetic’s head of research. “As they get more sophisticated, we need to stay one step ahead.”
The company also partners with Epochedge technology experts and education programs to teach people about spotting scams.
This funding comes at a critical time. Holiday shopping season brings a huge spike in online scams targeting shoppers looking for deals. Scamnetic’s tools could help protect millions during this risky period.
Beyond just blocking scams, the company’s research helps understand how criminals operate. This information is shared with law enforcement to help catch the people behind these schemes.
The digital security world is watching Scamnetic closely. If their technology works as promised, it could change how we protect ourselves online. Several major banks are already testing their systems.
As AI becomes more powerful, both scammers and the people fighting them gain new tools. The question now is whether protection technology can keep pace with criminals’ creativity.
For now, experts recommend basic safety steps: use different passwords, verify unexpected messages, and be careful about sharing personal information. But soon, AI guardians like Scamnetic might handle much of this work automatically.
The latest Epochedge news indicates this is just the beginning of AI-powered protection services. The digital safety landscape is changing fast, with real consequences for everyone who shops, banks, or connects online.
Visit Epochedge for more updates on emerging technologies that protect our digital lives.
