Bank of Cyprus Impersonated in AI Deepfake Investment Scam

# Bank of Cyprus Impersonated in AI Deepfake Investment Scam

https://gcdradar.vercel.app/incidents/bank-of-cyprus-impersonated-in-ai-deepfake-investment-scam · AIR-2024-0040 · closed 2024-11-28

- Lane: Breaches & attacks
- Severity: 3 (Confirmed exploitation)
- Fix status: No fix needed
- First reported: 2024-11-14
- AI role: AI-enabled attack
- Products: Bank of Cyprus Trading AI Platform

## Summary

Scammers deployed fabricated media and deepfake video to impersonate the Bank of Cyprus CEO in an online investment scam. The bank publicly denied affiliation and warned customers of the fraudulent activity.

## What to do

No action recorded; read the sources below and the vendor's advisory.

## Latest updates

- 2024-11-14: Alleged AI-Generated Scam Uses Bank of Cyprus Branding to Solicit Investments (https://incidentdatabase.ai/cite/1064)

## Sources

- 2024-11-14 AI Incident Database: Alleged AI-Generated Scam Uses Bank of Cyprus Branding to Solicit Investments https://incidentdatabase.ai/cite/1064

Verify against the vendor's advisory before changing production. Data CC BY-SA 4.0, https://gcdradar.vercel.app.