Security Stop Press : Beware Fake, AI-Generated Investment Scams In Facebook

A recent BBC investigation has highlighted how fraudsters are using fake, AI-generated scam stories, often with bogus celebrity endorsements, as paid-for Facebook adverts that link through to fake investment scheme pages (cloaking scams).

It’s been reported that the scammers beat Facebook’s automated detection systems by first creating an ad that links through to a harmless page and after the ad has been approved, the scammers then introduce a redirect to a malicious page.

Under the Online Safety Act, online services will be required to assess the risk of their users being harmed by illegal content on their platforms. The advice is to always research, check, and verify celebrity endorsements and investment legitimacy, consult professionals, and report suspicious ads to protect yourself from fraudulent schemes.