Gen Digital: Cryptocurrency scams using AI-powered deepfake videos surge

Odaily News The second quarter report of 2024 released by security software company Gen Digital shows that there has been a significant increase in cryptocurrency fraud activities using AI-driven deep fake videos. Gen Digital pointed out that these criminal organizations mainly spread their videos on social media platforms such as YouTube, X and TikTok. Scammers also use hacked high-profile social media accounts to live broadcast and promote their fraud schemes. Gen Digital security expert Siggi Stefnisson warned users that scammers are good at using topics that are currently of concern to the target group, including love, financial security and elections, to design fraud schemes. (Cointelegraph)