The increasing prevalence of AI-powered frauds is highlighted by this instance.
Singapore has warned the people to exercise caution and only trust official sources.
Prime Minister Lee Hsien Loong of Singapore has issued a public warning against a new kind of cyber fraud that employs deepfake technology. Recent Facebook posts of his have drawn attention to the proliferation of videos purporting to show him encouraging crypto frauds, which he claims are the product of AI.
These deceitful actions demonstrate how online scams are becoming more complex and how modern technology is being used to trick people.
Misuse of Technological Advancements
Scammers now have a powerful weapon in deepfake technology, which allows them to manipulate real video to make material that is very convincing yet completely fake. Recently, a deepfake video surfaced claiming that entrepreneur Elon Musk has an idea for a cryptocurrency investment platform—a platform that does not exist—and that Prime Minister Le
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