GCD AI RADAR
incidents/AIR-2024-0030

AI-Driven Scams Cause Millions in Losses for Australian Victims

AI-enabled attack4 Confirmed real-world lossDeepfake fraud

Scammers utilized AI-generated deepfake videos and fake news endorsements featuring celebrities to promote fraudulent trading platforms. The campaign led to hundreds of reports and millions of dollars in financial losses.

Details

type
AI-enabled attack
Attackers used AI as a meaningful part of a cyberattack against someone else.
categories
  • Deepfake fraud
    Synthetic voice, video or images used to impersonate people for fraud, extortion or access.
owasp llm top 10
no entry for these categories
mitre atlas
Both rows are derived from the type and categories (OWASP 2025 edition, ATLAS release 2026.09), not classified per record. How
severity
4 · Confirmed real-world loss
Financial loss, PHI/PII breach, safety impact or regulatory action.
targets
Individuals
incident date
1 Mar 2024
first reported
1 Mar 2024
origin
AI Incident Database
Derived from the AI Incident Database (CC BY-SA 4.0).
classifier confidence
0.95 · published at or above 0.80; see the methodology
tags
deepfake · financial-fraud · investment-scam
record
created 2026-10-18 06:33Z · updated 2026-10-18 06:59Z · json

Sources · 1

  1. 2024-03-01
    Over 400 Purportedly AI-Driven Scams Reportedly Led to $8M Loss for Australians in 2023
    AI Incident Database · incidentdatabase.ai/cite/715

Titles and links belong to their publishers. The summary above is written by GCD AI RADAR in its own words; data is CC BY-SA 4.0.

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