GCD AI RADAR
incidents/AIR-2024-0040

Bank of Cyprus Impersonated in AI Deepfake Investment Scam

AI-enabled attack3 Confirmed exploitationDeepfake fraud

Scammers deployed fabricated media and deepfake video to impersonate the Bank of Cyprus CEO in an online investment scam. The bank publicly denied affiliation and warned customers of the fraudulent activity.

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
3 · Confirmed exploitation
Used against real targets; limited or unclear impact.
targets
Individuals
products
Bank of Cyprus Trading AI Platform
incident date
14 Nov 2024
first reported
14 Nov 2024
origin
AI Incident Database
Derived from the AI Incident Database (CC BY-SA 4.0).
classifier confidence
0.85 · published at or above 0.80; see the methodology
tags
deepfake · fraud · investment-scam · impersonation
record
created 2026-10-18 06:33Z · updated 2026-10-18 06:59Z · json

Sources · 1

  1. 2024-11-14
    Alleged AI-Generated Scam Uses Bank of Cyprus Branding to Solicit Investments
    AI Incident Database · incidentdatabase.ai/cite/1064

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.

Related incidents