Banks warn AI shopping bots raise scam, fraud and data-privacy risks

Banks in India are warning that AI shopping bots pose significant risks of scams, fraud, and data-privacy breaches. As these bots become more prevalent, banks are urging customers to be cautious when using them for online shopping.

The rise of AI shopping bots has major implications for social commerce, as it highlights the need for secure and trustworthy online shopping experiences. If left unchecked, these risks could erode consumer trust in social commerce platforms and hinder the growth of the industry.