Industry3h ago
Deepfake PM Scams Cost Australians $7.4 Million
Australian victims lost $7.4 million to celebrity-themed investment scams. The corporate watchdog ASIC reports that Prime Minister Anthony Albanese is the most frequent target of these deepfakes. Fraudsters use synthetic media to lure users into phony schemes. This surge highlights a critical need for better detection tools to protect retail investors from AI-driven fraud.