ASIC removes over 19,400 scam sites as deepfake investment fraud spreads in Australia
Australia's ASIC had more than 19,400 online scams removed in the 2025–26 financial year and warns of fake investment site networks built with generative AI. According to ASIC, victims lost A$7.4 million to cloned voices of Prime Minister Albanese and nine other public figures.
Who is affected and how
- retail customer
- It is not enough to check an investment offer through an online search; check the official regulator's register.
- banking professional
- Warning customers about suspicious investment transfers is a priority task in the era of deepfake ads.
Sources
- ASIC Removes Over 19,400 Online Scams in FY26 Amid AI Deepfake Threat | FXBrokerTrustfxbrokertrust.com · Aug 17, 2026
- ASIC Removes Over 19,400 Scams as AI Deepfakes Target Investorsfinancemagnates.com · Aug 17, 2026 · magyar
- Asic warns of surge in deepfake scamsfinextra.com · Aug 17, 2026 · magyar
- Deepfake Albanese Pitching $40,000 Returns Led $7.4M in Australian Scam Lossestechtimes.com · Aug 17, 2026
- Australian regulator warns public of scammers increasingly using AI for investment fraud - FX News Groupfxnewsgroup.com · Aug 17, 2026
- Australian Securities And Investments Commission (ASIC) Warns Of Generative AI Fueling Networks Of Deceptive Deepfake Investment Sites | Crowdfund Insidercrowdfundinsider.com · Aug 18, 2026 · magyar
- ASIC warns scammers are using AI to create deepfake investment scam networks - Australian Cyber Security Magazineaustraliancybersecuritymagazine.com.au · Aug 19, 2026 · magyar
- AI Scams Are Costing Australians Millions — and They’re Getting Harder to Spotcryptonews.com.au · Aug 17, 2026 · magyar
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