Beware: Instagram Phishing Scams Mimic Canadian Banks with Deepfake Trickery!
Beware of Instagram ads that closely impersonate bank branding, as scammers are targeting Canadian consumers with phishing scams and investment fraud. These cunning fraudsters use AI-powered deepfake videos and official branding to lure users into clicking on deceptive links. Remember, if the interest rate sounds too good to be true, it probably is!
Hot Take:
Looks like the scammers have upped their game to impersonate banks on Instagram! Apparently, deepfake videos and phony ads are the new ‘Sorry, your rich uncle from Nigeria just died’ emails. Guard your wallets, folks, because these fraudsters are all about that ‘interest’… and they’re interested in your cash!
Key Points:
- Instagram ads are being used to impersonate Canadian banks like BMO and EQ Bank.
- Scam ads utilize AI-powered deepfake videos and spoofed branding to collect user data.
- Fraudulent ads redirect users to fake websites mimicking legitimate bank domains.
- Scammers use Facebook pages to run Instagram ads without having an Instagram presence.
- BMO and EQ Bank are aware and working to remove these scam campaigns.
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