Bank of England raises alarm over AI scams and deepfake videos

A concerned official from the Bank of England addresses the media about the rising threat of AI scams and deepfake videos, emphasizing the need for public vigilance against misinformation.

As of October 2023, these deepfake videos are becoming increasingly sophisticated, making it difficult for viewers to discern what is real. The Bank’s concerns are heightened by the fact that such technology can be used to impersonate individuals, potentially leading to financial scams that exploit unsuspecting victims. The emergence of these AI-generated scams coincides with … Read more