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Hong Kong Government Warns of AI-Generated Scams

Hong Kong Government Warns of AI-Generated Scams

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TL;DR

  • Hong Kong government warned not to be taken in by AI deepfakes promoting suspicious investment plans.
  • The warning comes after the city’s leader was impersonated in a video to promote an investment scam.
  • Last year, the police had also warned of a rise in AI-generated material trying to deceive the public.

Hong Kong government has issued a fresh warning to residents against the rise of AI-generated scams. This comes after images of the city’s Chief Executive, John Lee Ka, were deep-faked by scammers to promote a dubious investment scam.

Hong Kong Gov’t Issues Warning Against AI-Generated Scams

The government condemned the act, warning the public not to easily fall for such promotions or provide personal information, as the video was “fictitious with fraudulent intent.”

“Members of the public should not be taken in by similar investment-related advertisements or promotional videos,” a spokesperson for the government stated. “They should not provide their personal information online, sign up for mobile applications or open any links.”

Over the recent months, AI has garnered a lot of attention around the world, following the popularity of tools like ChatGPT and other generative tools. However, the immense potential of the tools has equally left room for potential misuse by scammers, with one instance being deepfakes. 

Deepfakes are AI-generated videos or audio recordings that manipulate the appearance or voice of a target person. By stitching together existing footage and audio with cutting-edge algorithms, scammers can create convincing simulations that make it appear as if a celebrity, politician, or other trusted figure is endorsing a product, promoting a cryptocurrency scheme, or even delivering a personal message.

Scammers are Weaponizing AI

Scammers are increasingly weaponizing AI to create deepfakes, capitalizing on the inherent human tendency to trust familiar faces and voices. The consequences are far-reaching, eroding trust in public figures, sowing discord in online communities, and causing significant financial losses for unsuspecting victims.

SCMP reported a victim in Japan who lost HK$1,700 (US$218) worth of computer game credits after being deceived by the fake video. In 2022, scammers attempted to lure people into a suspicious trading platform using images and fabricated images of Lee, according to SCMP. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

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