GCD AI RADAR
incidents/AIR-2025-0126

New Zealand FMA Flags Deepfake Pump-and-Dump Scam Network

AI-enabled attack4 Confirmed real-world lossDeepfake fraud

Scammers used deepfake videos of prominent business leaders in social media ads to lure victims into fraudulent investment groups. Investors suffered financial losses through fake stock purchases and subsequent recovery scams.

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
products
Meta AI ads
incident date
19 Aug 2025
first reported
19 Aug 2025
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 · fraud · pump-and-dump · social-media
record
created 2026-10-18 06:33Z · updated 2026-10-18 06:59Z · json

Sources · 1

  1. 2025-08-19
    New Zealand Financial Markets Authority (FMA), Te Mana Tātai Hokohoko, Reportedly Flags Purported Deepfake Pump-and-Dump Network Using Social Media Ads
    AI Incident Database · incidentdatabase.ai/cite/1227

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