New AI Scam Tactic: Impersonating Musk to Instantly Swindle Huge Sums

Deepfake videos have become a new type of fraud, causing hundreds of billions of dollars in losses annually. The main characteristics include:

1. Using AI technology to create fake videos, common subjects include well-known entrepreneurs like Musk and Buffett.

2. Musk is the most frequently impersonated subject, appearing in nearly 1/4 of fraudulent videos.

3. Low production costs, with large numbers of videos generated within minutes, costing less than $10.

4. Scammers often come from Asia and Eastern Europe, translating videos into multiple languages to expand distribution.

5. Common tactics include promoting fake AI investment software, promising high returns.

6. Primarily targeting older internet users, exploiting their curiosity about new technologies.

7. Social media platforms like Facebook and YouTube are flooded with such videos.

8. Video quality is constantly improving, making them increasingly difficult to identify.

To prevent such scams:

1. Stay vigilant and be skeptical of investments promising high returns.

2. Verify the reliability of information sources.

3. Don't easily trust videos seen online, especially those involving investments.

4. Strengthen education for vulnerable groups such as the elderly.

5. Platforms should increase efforts to combat and promptly remove such videos.