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Artificial intelligence (AI) has emerged recently as a powerful tool, transforming industries and enhancing our daily lives. However, alongside its many benefits, AI also poses significant risks, particularly in the realm of financial scams. At InterBank, we are committed to safeguarding our customers against these emerging threats. This blog post delves into the rise of AI-driven scams and offers practical advice on how to protect yourself.

The Rise of AI-Driven Scams

Imagine this scenario: A finance worker in Hong Kong is called into a live videoconference by his company’s chief financial officer (CFO). The CFO instructs him to wire $25.6 million to various accounts. Everything seems legitimate, but shockingly, the CFO and other executives on the call are not real—they are sophisticated AI-generated impersonations. This incident underscores a new, frightening reality: AI is being weaponized by criminals to conduct highly convincing scams.

Types of AI Scams

  1. Deepfake Celebrity Endorsements – AI-generated videos of celebrities, like Tom Hanks and Taylor Swift, falsely endorsing products.
  2. Fake Romance Scams – Deepfake videos used in romance scams, leading victims to invest in fraudulent schemes.
  3. Sextortion – Criminals create explicit deepfake videos using images from social media to extort money or favors.

How AI Facilitates Fraud

AI technology, such as OpenAI’s ChatGPT and Google’s Gemini, can mimic voices, faces, and writing styles with alarming accuracy. These tools are readily accessible, making it easy for criminals to generate realistic yet fake content. AI can craft phishing emails, simulate conversations, and create deepfake videos that are nearly indistinguishable from reality.

Protecting Yourself

Here are some practical tips to help you stay safe:

  • Verify Caller Identities: Do not trust caller ID blindly. Hang up and call back using a known number.
  • Be Skeptical of Unsolicited Communications: Avoid clicking on links in unsolicited emails or texts.
  • Use a Family Safe Word: Share a unique word with family members to verify their identity in emergencies.
  • Guard Personal Information: Be cautious about sharing personal details online.
  • Educate and Report: Inform loved ones about the latest scams and report any suspicious activity to authorities.


While AI offers tremendous benefits, its potential for misuse in scams is a growing concern. At InterBank, we are committed to helping you navigate these challenges by staying informed and vigilant. By taking proactive measures, you can protect yourself and your loved ones from falling victim to AI-driven scams.

For more tips on safeguarding your finances, visit our Fraud Information Center or contact us directly.