AI-Powered Investment Scams Surge: How 'Nomani' Steals Money and Data

Security researchers warn of ‘Nomani,’ a rapidly growing investment fraud campaign that blends AI-generated video testimonials, fraudulent social media ads, and phishing websites to harvest personal information and trick victims into sending funds or installing remote-access tools. ESET reports a 335% increase in activity in H2 2024 with over 100 new malicious URLs detected daily at peak, attributes the operation to organized Russian-speaking actors, and highlights the use of social engineering, stolen or fake profiles, and call-center operations to convert harvested leads into monetary theft.