Gen Digital’s Siggi Stefnisson warned users that scammers are adept at using what is already on their target’s minds, including love, financial security and elections.
Crypto scammers using artificial intelligence-powered deepfake videos have been increasingly active in the second quarter of 2024, according to software firm Gen Digital, the parent company of antivirus firms Norton, Avast and Avira.
In Gen Digital’s quarterly report, the company highlighted that they followed a group called “CryptoCore,” which used AI-powered deepfake scams to defraud crypto holders.
The group touts fake crypto investments and exploits official videos of prominent individuals like Elon Musk, Michael Saylor, Vitalik Buterin and Larry Fink. It replaces the audio with AI-generated voices or mixes unofficial material with official footage to conduct their scams.
