HISPI Project Cerebellum HISPI PROJECT CEREBELLUM

Over 400 Purportedly AI-Driven Scams Reportedly Led to $8M Loss for Australians in 2023

March 1, 2024

In the year 2023, Australian citizens suffered financial losses exceeding $8 million due to reported scams that utilized AI-generated deepfake videos and fake news articles. These fraudulent materials, endorsing unverified investment trading platforms, were allegedly employed by scammers, who used AI-fabricated content involving celebrities to deceive victims. The National Anti-Scam Centre received more than 400 reports of such incidents. A single individual reportedly lost over $80,000 in cryptocurrency.

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Matched TAIM controls

Suggested mapping from embedding similarity (not a formal assessment). Browse all TAIM controls

Alleged deployer
unknown-scammers
Alleged developer
unknown-voice-cloning-technology-developers, unknown-generative-ai-developers, unknown-deepfake-technology-developers
Alleged harmed parties
general-public-of-australia, general-public, epistemic-integrity

Source

Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/715

Data source

Incident data is from the AI Incident Database (AIID).

When citing the database as a whole, please use:

McGregor, S. (2021) Preventing Repeated Real World AI Failures by Cataloging Incidents: The AI Incident Database. In Proceedings of the Thirty-Third Annual Conference on Innovative Applications of Artificial Intelligence (IAAI-21). Virtual Conference.

Pre-print on arXiv · Database snapshots & citation guide

We use weekly snapshots of the AIID for stable reference. For the official suggested citation of a specific incident, use the “Cite this incident” link on each incident page.