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ASIC warns scammers are using AI to create deepfake investment scam networks
Matched: AI
Australia's financial regulator ASIC has warned that scammers are using generative AI to build networks of fake websites, fake news articles, and deepfake videos of celebrities to promote fraudulent investment schemes. The regulator says a basic online search can no longer be trusted to verify investment opportunities, and urges Australians to check ASIC's own registers before investing money.