DeepfakeHigh
Over 400 Purportedly AI-Driven Scams Reportedly Led to $8M Loss for Australians in 2023
- Occurred
- Mar 1, 2024
- Published
- Mar 1, 2024
- Source
- AI Incident Database
Summary
In 2023, Australians reportedly lost over $8 million to scams involving purported deepfake videos and fake news articles that falsely endorsed investment trading platforms. Scammers reportedly used AI-generated content featuring celebrities to mislead victims, leading to significant financial losses. The National Anti-Scam Centre received over 400 reports of these incidents. One man is reported to have lost over $80,000 in cryptocurrency.
Developers
- Deepfake technology developers
- Synthetic audio generation technology developers
- Generative AI developers
Deployers
- Scammers
Harmed parties
- General public of Australia
- General public
- Epistemic integrity
Classification
Category confidence: 90%
Severity confidence: 85%
Rationale: AI-generated deepfake videos and fake news articles were used to deceive victims, causing significant financial losses.
Classifier: Qwen/Qwen3.5-35B-A3B-FP8