Ho Chi Minh City Police Warn of Online Scams Involving Deepfake AI Technology
The Ho Chi Minh City Police have identified sophisticated scams involving the use of Deepfake AI technology to impersonate prominent business leaders and company executives on social media.
On August 20, SSI Securities Corporation issued a warning about fake Zalo accounts using Deepfake AI to impersonate their high-level executives, including Mr. Nguyen Duy Hung, Chairman of the Board of Directors, to livestream investment advice.
Ho Chi Minh City Police advise residents to be cautious of sophisticated scams.
In this scam, the fraudster pretended to be Mr. Hung, offering investment advice and recommendations. Victims were then instructed to join private groups on Telegram, where they were further manipulated with AI-generated images and videos of Mr. Hung, luring them into fraudulent investment schemes.
SSI Securities Corporation confirmed that Mr. Hung only owns a verified Facebook account and has no presence on Zalo, Telegram, Tiktok, or Youtube. The company urged investors to be vigilant and cautious when interacting with digital platforms to avoid falling prey to such scams.
In a separate incident, Mr. H.H., chairman of a major transportation group in Ho Chi Minh City, filed a complaint with the authorities after being blackmailed with a Deepfake video that superimposed his image onto sensitive footage.
The city’s police also warned of a similar Deepfake scam targeting a wealthy individual, demanding a transfer of 2.2 billion VND. They advised residents to remain calm and refrain from complying with the scammers’ demands, emphasizing that the underlying tactics remain unchanged despite technological advancements.
According to the Ho Chi Minh City Police, the essence of these scams remains the same, and many people continue to fall victim. The ultimate goal of these fraudsters is to trick people into transferring money or divulging sensitive information.
The police emphasized the importance of not providing account details, credit card information, or personal data to anyone and to avoid transferring funds without proper verification with the authorities.
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