🤯 AI Scams Rise: Saving You Now 🛡️

July 07, 2026 |

Tech

🎧 Audio Summaries
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🧠Quick Intel


  • Savi Security, founded by Patrick and Ryan Coughlin, secured $7 million in seed funding led by Acrew Capital, Magnify Ventures, TTCER, and Resolute Ventures.
  • In May 2021, Cisco acquired TruSTAR (founded by Coughlin) for $82 million, and in 2024, Cisco repurchased Splunk.
  • In 2025, online crime victims collectively lost $3.5 billion to imposter scams, a threefold increase from $1.167 billion in 2020.
  • Gen Z individuals fell for text scams approximately 25% of the time, according to a 2025 Malwarebytes report.
  • Scam Wise, launched four months prior, had accumulated 50,000 submissions with a weekly growth rate of approximately 10,000.
  • Patrick Coughlin’s inspiration for Savi Security stemmed from a 2021 incident where his mother received a $1,200 ransom scam.
  • [Person’s Name] Coughlin stated that [The Organization] is creating fraudsters by lowering the barrier of deceiving people.
  • 📝Summary


    In 2024, Patrick and Ryan Coughlin established Savi Security, a company aiming to combat rapidly escalating AI-driven scams. Following a 2021 incident involving a fraudulent phone call mimicking their sister, the brothers developed Scam Wise, a real-time intervention tool. The company secured $7 million in seed funding, launching its iPhone and Android app on Tuesday. By 2025, reports of online crime indicated a staggering $3.5 billion in losses to imposter scams, a threefold increase from 2020, with Gen Z particularly vulnerable. Scam Wise, introduced four months prior, had already garnered 50,000 submissions, demonstrating a weekly growth of approximately 10,000. The Coughlin brothers argue that the increasing sophistication of AI-powered fraud necessitates a new approach to cybersecurity, akin to real-time anti-virus software.

    💡Insights



    THE RISE OF AI-POWERED SCAMS AND THE NEED FOR SAVI SECURITY
    The landscape of cybercrime is undergoing a dramatic transformation, driven by the accessibility and power of generative AI tools. Sophisticated scams, once the exclusive domain of well-funded criminal organizations targeting large corporations or governments, are now readily deployable against everyday consumers. This shift is fueled by the decreasing costs and increasing capabilities of AI models like Google’s Gemini, allowing criminals to mimic voices, fabricate convincing narratives, and personalize attacks with unprecedented accuracy.

    THE COUGHLIN BROTHERS’ INSPIRATION: A PERSONAL TRAGEDY
    The genesis of Savi Security stems from a deeply unsettling personal experience. Patrick Coughlin’s mother received a terrifying phone call, impersonating his sister, claiming she had been kidnapped and demanding a ransom. The scammer had expertly spoofed his sister’s voice and location, exploiting a vulnerability in the family’s trust. This harrowing incident ignited a critical question for Coughlin: How could the same sophisticated techniques used to attack large organizations now be weaponized against vulnerable individuals?

    A $7 MILLION SEED ROUND AND A NEW APPROACH
    Recognizing the urgent need for a proactive defense against these evolving threats, the Coughlin brothers launched Savi Security. The company secured $7 million in seed funding, led by Acrew Capital, with significant participation from Magnify Ventures, TTCER, and Resolute Ventures. Their strategy centers on building a real-time AI-powered intervention tool designed to detect and mitigate scams as they unfold.

    SCAM WISE: A DATA-DRIVEN TESTING GROUND
    To validate their concept, the Coughlin brothers developed Scam Wise, a free, anonymous website where users could upload suspicious texts, photos, or emails for analysis. Within four months, Scam Wise garnered 50,000 submissions, growing by approximately 10,000 per week, providing invaluable “in-the-wild” data to train Savi’s scam detection AI model. This iterative process allowed them to refine their algorithms and adapt to the rapidly evolving tactics of cybercriminals.

    TECHNICAL FOUNDATIONS AND AI MODEL SELECTION
    Savi Security’s core technology leverages Google’s Gemini, but operates through an AI gateway, offering flexibility to integrate other specialized AI models, particularly those focused on voice detection. This approach allows them to tap into the latest advancements in AI technology and maintain a competitive edge. The system’s ability to analyze audio in real-time is a crucial component of its defense strategy.

    THE LAUNCH OF THE SAVI SECURITY APP
    On Tuesday, Savi Security launched its paid iOS and Android app, offering consumers a suite of features designed to screen texts, voicemails, and incoming calls for scams. A key differentiator is the live-call monitoring capability, enabling users to add a Savi agent as a listener during suspicious phone conversations. The app’s agents are trained to identify behavioral tells indicative of a scam, providing immediate intervention.

    PRICING AND USER SUPPORT: A FAMILY-FRIENDLY MODEL
    Savi Security’s pricing structure is unique, offering a family plan for $8 per month or $63 per year, with no cap on the number of users. This accessibility is intended to cover entire families, including children, spouses, parents, and other individuals who may require assistance navigating the increasingly complex world of online scams.

    THE GROWING SCOPE OF ONLINE SCAMS AND GENERATION Z VULNERABILITY
    The scale of online scam losses is staggering. The Federal Trade Commission (FTC) reported that people lost $3.5 billion to imposter scams in 2025, a threefold increase from 2020. While older Americans are disproportionately affected, research indicates that Gen Z is also highly susceptible, with a 25% rate of falling for text scams. This vulnerability is compounded by the fact that cybercriminals are increasingly leveraging readily available traces of personal information, such as social media posts and online conversations.

    AI AS A DOUBLE-EDGED SWORD: CREATING FRAUDSTERS
    Patrick Coughlin aptly describes AI as “changing the conditions for how accessible being a fraudster is.” The ease with which AI tools can be used to clone voices, generate convincing narratives, and conduct targeted attacks has dramatically lowered the barriers to entry for cybercriminals, both organized and individual. This democratization of fraud underscores the urgent need for proactive defenses like Savi Security.