Deepfakes, AI scams – Government warns about false advertising on social media

According to reports from various sources, social media platforms are seeing a surge in fake ads. The government has begun working with intermediaries to combat this escalating problem. Recently, the government issued a warning message to certain citizens, including members associated with a well-known technology entity. The advisory warns individuals that false advertising may use deepfake technology to defraud.

Be very careful about what you see on social media

The government communication urges to be wary of fraudulent advertising related to stock market activity, trading and so-called free tips spread through social media applications. It highlights the potential for criminals to use deepfake videos and images to deceive users. The advice emphasizes the importance of guarding against the temptation of greed and reminds users to be wary of scammers.

Given how scammers target social media users with deceptive ads, criminals employ a variety of tactics to lure unsuspecting victims. For example, in the world of loan apps, fake ads often promise incredibly low interest rates to lure individuals. Subsequently, upon approval, victims are faced with undisclosed fees and inflated interest rates, contrary to what was originally promised.

Additionally, these fraudulent ads may redirect users to authentic-looking websites prompting them to fill out an application form. These forms often ask for personal information, including phone numbers, bank account details and passwords. This data can be used for spam or other fraudulent activities.

To guard against these deceptive practices, social media users are advised to exercise caution. False advertising often offers enticing offers, promises of quick solutions or unrealistic benefits. It’s important to avoid ads from unverified accounts or unfamiliar brands. Additionally, users should carefully check for indicators of legitimacy in ads, such as company logos or badges. Given that deepfake technology may increase the credibility of fake ads, users are encouraged to remain vigilant for any inconsistencies.