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CFTC warns of AI-powered scams in new advisory on fraud risks

Image of some digital code in black and white on a screen.
Photo: Chris McGrath/Getty Images

Vlada Gurvich

2 min read
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The new advisory highlights how fraudsters use GenAI to produce fraudulent identification materials that can be highly convincing.

With artificial intelligence advancing at breakneck speed, the promise of innovation is increasingly shadowed by the perils of deception. From deepfake CEOs to algorithmic investment scams that may vanish overnight, AI-powered hustles are multiplying.

According to an FBI public service announcement, technology is increasingly being exploited to facilitate investment scams.

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