28
Feb
Toronto (Rajeev Sharma) — The Toronto Police Service has issued a dire warning to the public following a staggering 17 per cent increase in financial losses to fraud, which reached $433 million in 2025. Despite a slight dip in the total number of reported cases, investigators say the emergence of sophisticated Artificial Intelligence (AI) tools has made individual scams far more effective and devastating. Det. David Coffey, head of the Financial Crimes Unit, noted that while scams have been a persistent issue, the integration of AI in mid-2025 caused the threat to "take off like a rocket." The primary concern…