Deepfake Videos Impersonate Bank of Italy Governor for Fraud

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Deepfake videos impersonating Fabio Panetta, the Governor of the Bank of Italy, have been circulating online, misleading viewers with fraudulent financial advice. These AI-generated videos pose a significant threat to financial security and institutional credibility. The Bank of Italy has issued warnings, emphasizing that these videos are unauthorized and deceptive.[AI generated]

Why's our monitor labelling this an incident or hazard?

The event involves the use of deepfake AI to create and distribute fraudulent videos of a public figure, leading to misinformation and a tangible risk of financial and reputational harm. This meets the definition of an AI Incident because the AI system’s outputs have directly led to deceptive content with harmful intent.[AI generated]
AI principles
Transparency & explainabilityAccountabilityRobustness & digital securitySafetyDemocracy & human autonomyPrivacy & data governanceRespect of human rights
Industries
Financial and insurance servicesMedia, social platforms, and marketingGovernment, security, and defenceDigital security
Affected stakeholders
ConsumersGovernment
Harm types
Economic/PropertyReputationalPublic interestPsychologicalHuman or fundamental rights
Severity
AI incident
AI system task:
Content generation

Articles about this incident or hazard

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il fenomeno Deepfake colpisce anche la Banca d'Italia: diffusi video falsi del Governatore

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QuotidianoNet
Why's our monitor labelling this an incident or hazard?
The event involves the use of deepfake AI to create and distribute fraudulent videos of a public figure, leading to misinformation and a tangible risk of financial and reputational harm. This meets the definition of an AI Incident because the AI system’s outputs have directly led to deceptive content with harmful intent.
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Ossignore, i deep fake sono entrati alla banca d'italia: circolano video di fabio panetta...

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DAGOSPIA
Why's our monitor labelling this an incident or hazard?
The note describes actual misuse of AI (deepfake generation) to impersonate a public official and commit fraud. This constitutes realized harm through AI-generated content with deceptive intent, meeting the definition of an AI incident.
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Da Panetta a Tom Hanks, il boom dei deepfake: video creati con l'intelligenza artificiale che rubano l'identità di star e politici

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Why's our monitor labelling this an incident or hazard?
Deepfake videos are AI-generated content that have been deployed online, impersonating a high-profile individual to promote false investment opportunities. This misuse has already occurred and poses direct harm (misinformation, identity theft, potential financial fraud), so it qualifies as an AI Incident.
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Bankitalia, attenzione ai falsi video del Governatore - Ultima ora - Ansa.it

2024-07-01
ANSA.it
Why's our monitor labelling this an incident or hazard?
The misuse of deepfake AI to create and distribute fraudulent videos constitutes an AI system’s misuse leading to harm (fraud, deception). This is a realized incident of AI-generated content causing potential financial and reputational damage, fitting the definition of an AI Incident.
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Il video del governatore di Bankitalia che promuove investimenti è una truffa, l'avviso: "Attenzione!"

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Fanpage
Why's our monitor labelling this an incident or hazard?
The event involves the malicious use of an AI system (deepfake video generation) which directly enables fraud and financial harm. This is an ongoing incident where AI-generated content is already being used to deceive and scam people, fitting the definition of an AI Incident.
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I truffatori prendono di mira anche il governatore della Banca d'Italia

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Why's our monitor labelling this an incident or hazard?
The event describes the malicious use of AI (deepfake generation) to create convincingly fake video content of a public figure to defraud people financially. This misuse of an AI system has directly led (and is leading) to harm (potential theft of savings), meeting the criteria for an AI Incident.
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IA, Bankitalia: 'In rete video deepfake del governatore Panetta'

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Why's our monitor labelling this an incident or hazard?
The event involves the use of AI systems (deepfake generation) to create misleading videos impersonating public figures, which have been disseminated online. These videos are used to convey false messages and solicit personal information or payments, directly leading to harm through fraud and deception. The harm to individuals and communities from such scams and misinformation is clear and ongoing, fulfilling the criteria for an AI Incident.
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Deepfake: attenzione alle truffe che rubano l'identità

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Why's our monitor labelling this an incident or hazard?
The event involves the use of an AI system (deepfake technology) to create synthetic images, videos, and audio that impersonate real people without consent. This use has directly led to fraudulent scams, which constitute harm to individuals and communities (harm category d). The article reports actual ongoing incidents of such frauds, not just potential risks, thus qualifying as an AI Incident.
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il fenomeno Deepfake colpisce anche la Banca d'Italia: diffusi video falsi del Governatore

2024-07-04
informazione interno
Why's our monitor labelling this an incident or hazard?
Deepfake technology is an AI system that generates realistic fake videos. The use of such AI-generated content to perpetrate economic fraud constitutes direct harm caused by the AI system's use. Since the event involves realized harm (economic fraud) facilitated by AI deepfake videos, it qualifies as an AI Incident.