Cryptocurrency scammers turn to deep fakes to snare victims

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Cryptocurrency scammers turn to deep fakes to snare victims
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Miranda is not an influencer and has no idea why she, and the 470 followers on her private Instagram account, were targeted by a deep fake cryptocurrency scam.

against Facebook owner Meta for publishing scam cryptocurrency ads featuring well-known Australians, including former businessman Dick Smith, TV personality David Koch and mining magnate Andrew Forrest.

“When you target celebrities, it’s almost a theatre because you will see someone say something outlandish,” he said. The hackers are understood to have gained access to Miranda’s account by bypassing her work’s virtual private network, which was only recently updated with two-step authentication.She believes they gleaned data of her face and voice by accessing her Microsoft teams meetings and then transformed the material into a convincing deep fake video.

The experience left her feeling violated, and she wants to ensure no one goes through a similar ordeal.The Office of the eSafety Commissioner is concerned about a rise in deep fakes and said the tools being used to create these images and videos were becoming “relatively cheap, user-friendly and mainstream”.

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