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ASIC Issues Warning Over Scammers Using AI to Create Deceptive Schemes
The Australian Securities and Investments Commission (ASIC) has warned the public that scammers are increasingly leveraging artificial intelligence to build sophisticated webs of deception.
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The Australian Securities and Investments Commission (ASIC) has issued a public warning highlighting the rising threat of scammers utilizing artificial intelligence (AI) to create expansive and sophisticated webs of deception.
According to the regulator, fraudulent actors are adopting AI technologies to scale their operations and make deceptive schemes appear more convincing. These tactics are deployed to manipulate, mislead, and target consumers seeking legitimate financial and investment opportunities.
ASIC urges investors and members of the public to exercise heightened vigilance. Individuals should critically evaluate unsolicited communications, verify all financial entities and licensing status directly through official regulatory registers, and remain cautious of offers generated or promoted via emerging digital technologies.