Alleged AI-Generated Scam Uses Bank of Cyprus Branding to Solicit Investments
Description
An alleged fraudulent online platform presented as the "Bank of Cyprus Trading AI Platform" was promoted using reportedly fabricated media, including a video that appeared to depict the Bank's CEO endorsing the service. The video reportedly used misleading branding, including the BBC logo, and promised unrealistic investment returns. The Bank of Cyprus publicly denied any affiliation and warned customers about the use of AI-generated content in the scam.
Actors
Alleged Deployers
- unidentified-scam-network
- scammers
Alleged Developers
- deepfake-technology-developers
- synthetic-audio-generation-technology-developers
Harmed Parties
- prospective-investors-in-cyprus
- panicos-nicolaou
- general-public-of-cyprus
- bbc
- bank-of-cyprus-customers
- bank-of-cyprus
Classification
Risk Domain
Malicious Actors & MisuseRisk Subdomain
4.3. Fraud, scams, and targeted manipulation
MIT Risk Profile
Source
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Research Papers on This Topic
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Regulating ChatGPT and other Large Generative AI Models
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