AI-Generated Deepfake Videos Used to Scam French Investors

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Fraudsters used AI-generated deepfake videos to impersonate Banque de France officials, including Governor François Villeroy de Galhau, to promote fraudulent investments and deceive both individuals and companies. French authorities, including the Banque de France and ACPR, issued warnings about this sophisticated AI-enabled scam targeting the public.[AI generated]

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

The article explicitly mentions that the fraudulent videos are often generated using artificial intelligence, indicating the involvement of AI systems. The use of these AI-generated deepfakes has directly led to financial harm to victims by convincing them to engage in fraudulent transactions. This meets the criteria for an AI Incident because the AI system's use has directly caused harm to people through deception and financial loss. Therefore, this event is classified as an AI Incident.[AI generated]
AI principles
AccountabilityTransparency & explainability

Industries
Financial and insurance services

Affected stakeholders
ConsumersBusiness

Harm types
Economic/Property

AI system task:
Content generation


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