Investors beware: AI-powered financial scams swamp social media

The report highlights a rise in AI-powered investment scams across social platforms that leverage deepfakes, hijacked accounts, localized lures, and misleading ads to harvest personal information and steer victims into fraudulent schemes. It cites the Nomani Trojan ad campaign and shared infrastructure as examples, notes significant growth in related threats, and provides practical warning signs and mitigation steps to help users avoid falling for these scams.