Robbing banks or jewelry stores is so passé these days. Instead of guns and balaclavas, criminals now use Artificial Intelligence (AI) and cryptocurrencies combined with phishing and ransomware - low cost and quite effective methods to steal people’s money, Interpol claims in a new report.

British authorities have reported that people in the U.K. lost more than US$113 million last year in so-called "romance scams" – a type of scam where a perpetrator creates a fake identity, gains the victim's affection and trust and then empties his or her bank account.