AI shopping bots raise scam, fraud, data-privacy risks, banks warn | Daily Sabah
Banks are warning that AI-powered shopping bots create new risks around scams, fraud, and data privacy. The concerns point to the growing use of automated tools that act on behalf of consumers in online retail environments.
Why this matters: When a bot shops for you, it needs access to your payment details, your accounts, and your purchase history. That is a lot of sensitive access handed to a tool most people do not fully control or understand. Scammers already exploit that gap. Banks flagging this now is useful, but they also have a stake in the story. The harder question is who is actually liable when an AI shopping agent is tricked, hacked, or just handles your money badly.
Who should care: General readers · AI governance · Policy · Privacy officers
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