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The Národná banka Slovenska (NBS) has warned about numerous unauthorized, AI-generated websites offering crypto-asset investment services. These sites pose significant risks of financial fraud and loss to consumers in Slovakia. NBS published a list of such sites and advised caution against using them.[AI generated]
Why's our monitor labelling this an incident or hazard?
The event involves AI systems in the form of AI-generated websites used to offer unauthorized crypto-asset investment services. This use of AI-generated content directly contributes to potential financial harm to consumers (harm to persons/groups). Since the unauthorized offering of financial services without permission is a violation of legal frameworks and exposes users to significant risk of fraud and financial loss, this constitutes an AI Incident. The harm is realized or ongoing as the NBS warns about existing websites and advises consumers about risks and precautions. Therefore, this is an AI Incident due to the direct or indirect role of AI-generated content in facilitating unauthorized and risky financial services leading to harm.[AI generated]