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ASIC warns scammers are using AI to create deepfake investment scam networks
Matched: Australia
Australia's financial regulator ASIC has warned that scammers are using AI to build networks of fake investment websites, making online searches an unreliable verification method. The deepfake sites mimic legitimate businesses and can include fabricated celebrity endorsements. ASIC urged Australians to independently verify investment opportunities through official registers rather than relying on search results.