Lost money to a crypto or trading scam? Read this first: UK BASED - If your losses exceed £10,000 then Wealth Recovery Solicitors might be able to help. WRS is partnered with the National Crime Agency and has helped dozens of clients retrieve substantial sums. >> VISIT WRS USA/AUSTRALIA/CANADA - If your losses exceed $10,500 then contact Cybertrace. Cybertrace are a team of investigators specialising in cryptocurrency scams and tracing using custom AI tools. >> VISIT CYBERTRACE
press release
When you see a video ad on social media, how much detail do you actually look at?
Most of us use a magnifying glass to just skim content rather than study it. However, this could change as fraudsters increasingly use increasingly sophisticated deepfake technology.
This is proven in a new scam ad on Facebook in which Australian TV presenter Allison Langdon appears to be questioning a panel of famous investors and ‘celebrity’ businessmen about the ‘investments’ that make people rich.
The video was heavily edited using AI technology to make the speakers, including Gina Rinehart, Dick Smith and Andrew Forrest, appear to be endorsing or directly involved in the new investment opportunity. It is done.
This is such a sophistication of the scam that casual observers can easily be fooled into thinking the clip is real and reacting to the ad.
However, the ad is not in any way related to the TV show it claims to be. previewIt covers politics, science, business and crime.
‘High-quality fraud video’
Dan Halpin CEO cybertraceAustralia’s leading cyber investigation team created a video about the ad to warn unsuspecting investors who might be tempted.
“This is a high-quality scam video that tricks victims into believing this is a real investment opportunity, but the people shown did not actually endorse the fictitious investment,” he said.
“Scammers are leveraging sophisticated technology and using deepfake videos to trick victims.
“We all need to be careful about investment opportunities that promise returns, as they may be scams.”
Dan went on to urge anyone who comes across the video to help make as many people as possible aware of this type of scam by warning their family and friends.
The level of sophistication of fraudsters is increasing.
Adam Smith CEO Cryptocurrency Advisor“Image manipulation by scammers is nothing new and many people around the world have spoken out after seeing their photos being falsely used in fake advertisements.
“One of the most vocal victims is British financial expert Martin Lewis. money saving expert. He revealed that he had recently earned the infamous title of ‘the most scammed face’ due to his frequent appearances in content promoting fraudulent investments.
“But the level of sophistication shown in this latest ad is preview The show takes the sophistication of con artists to new levels, marking a worrying trend.
“At this point, it is still possible to determine that this is a deepfake. “If you study it closely, there is something of an uncanny valley, but think about where this technology will be in five years.”
Education is key to preventing fraud
To solve this problem, Adam said, two approaches are needed.
“Firstly, social media platforms need to do more to prevent these ads from appearing in the first place, and secondly, a broader public information and education campaign is needed to warn people about responding to investment ads they see online. “I do,” Adam continued.
“Education is critical to ensure people have the knowledge they need to do their own due diligence and spot scams before parting with their hard-earned cash.”
Related posts: Cryptocurrency Scam Help and Resources