Valdecy Urquiza, the Interpol Secretary-General, stated that the wave of scams in Brazil is far from its peak, highlighting the role that easy access to artificial intelligence (AI) plays in propelling the increase and globalization of banking frauds. During an event held by the Brazilian Federation of Banks (Febraban), Urquiza explained that the adoption of AI by criminal organizations enhances their ability to perform complex activities that were previously outside their capabilities, allowing them to operate on an unprecedented global scale and move operations across geographies.

Urquiza, who is the first person from a developing country to lead the Interpol, noted that the primary concern for the organization in the previous year was the rise in fraud cases internationally. He presented alarming statistics indicating that internet crime occurrences in the Americas surged by 40%, while in Europe the increase was even larger at 69%. This highlights a growing trend, where fraud is becoming one of the most significant criminal activities across regions, indicating a shift in how such crimes are being executed and the challenges faced by law enforcement agencies.

The rising trend of scams, particularly those utilizing innovative technologies, poses significant implications for financial institutions, consumers, and policymakers alike. As fraud becomes increasingly sophisticated, there is a pressing need for enhanced security measures and collaboration among international policing agencies to combat these crimes effectively. Urquiza's remarks serve as a call to action for awareness and increased vigilance among institutions and citizens to protect against fraud in this evolving digital landscape.