Andrew Forrest Deepfake Video Scam
On 27 January 2024, Cybertrace identified another sophisticated Instagram ad scam featuring deepfake technology to clone and impersonate Australian icon billionaire, Andrew “Twiggy” Forrest.
The offending entity was QuantumAI, a name that’s fast becoming synonymous with deception and financial fraud. QuantumAI was also responsible for several recent deepfake videos targeting other Australian celebrities such as Dick Smith, Gina Rinehart, and Allison Langdon.
Is QuantumAI A Scam?
QuantumAI, a brand known for its crypto marketing ads, has been identified as the entity behind a series of convincing but fraudulent ad campaigns. By attracting users with the promise of lucrative crypto investments, QuantumAI cleverly captures personal contact details while pretending to offer genuine opportunities.
However, the reality is far more malicious as the contact details gathered are then sold to scam operations across the globe, particularly those specialising in financial investment scams.
A Pattern Of Online Deception
This isn’t the first time that deepfake video technology has been weaponised by scammers, but the involvement of high-profile Australian figures marks a concerning escalation. The same criminal minds behind the recent impersonations of notable Australians are exploiting QuantumAI’s brand to lend credibility to their schemes.
These deepfake videos are alarmingly convincing, leveraging advanced AI to synthesise voice and imagery, thus manipulating viewers into believing in their authenticity.
Cybertrace’s Vigilance
Cybertrace’s identification of this latest scam again underscores the critical need for vigilance. As deepfake technology becomes more accessible and sophisticated, the potential for misuse in turn grows. The targeting of influential Australians by QuantumAI is a reminder of the lengths to which scammers will go to exploit trust and credibility.
How Easy Is It to Create A Deepfake Video?
To understand how easy it is to create a convincing deepfake video using AI, we created our own short version. Check it out.
Staying Safe Online
Individuals must arm themselves with knowledge and a healthy dose of scepticism. Here are some tips to safeguard against such scams:
Verify Sources: Always check the authenticity of investment opportunities through verified channels.
Guard Personal Information: Be cautious about sharing contact details, especially in response to unsolicited offers.
Stay Informed: Educate yourself about the latest scam tactics and technological threats.
The arrival of the QuantumAI scam, backed by the misuse of deepfake video technology, is a reminder for increased awareness and action against cyber fraud. As we continue to enjoy the benefits of innovation, let us also commit to vigilance, ensuring that technology remains a force for good and not a tool for deception.
At Cybertrace, we are dedicated to unmasking these deceptions and safeguarding the the community. Stay informed, stay sceptical, and together, we can combat cyber scams.
Have you been scammed by a deepfake video? Have you lost money to a deepfake scam? Click the button below to reach out to us and one of our Licensed investigators will get back to you asap.
**Note: Our original article referenced Facebook as the source of this scam, however, further anaylsis confirmed that Meta-owned Instagram was the actual source. Our article has been updated to reflect this source correction.
