Beware: Instagram’s Fake Bank Ads Target Canadians with Phishing Scams!
Beware of Instagram ads that closely impersonate bank branding! Scammers are using deepfake videos and fake profiles to trick Canadians into revealing their banking info. Even if it looks official, it might be a phishing scam in disguise. Remember, if it promises the moon, it might just be a lunar landing scam.
Hot Take:
Scammers are upping their game with deepfake videos and faux branding, making trusting an Instagram ad as safe as trusting a hungry raccoon with your picnic basket. If the interest rate sounds too good to be true, it probably is—so keep your banking credentials as close as you would keep your secret family recipe!
Key Points:
- Instagram ads are impersonating financial institutions like BMO and EQ Bank to scam Canadian consumers.
- Scammers are using AI-powered deepfake videos to lend authenticity to their fraudulent ads.
- Fake ads mimic legitimate branding, luring users to phishing websites like RBCpromos1[.]cfd.
- Scammers exploit Facebook accounts to run Instagram ads without an Instagram presence.
- Both banks and Meta are aware of these scams and are working to address them.
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