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9 Jun 202624 Dhuʻl-Hijjah 1447 AH
Bank of England Warns of Rising Digital Fraud Using AI

Bank of England Warns of Rising Digital Fraud Using AI

The Bank of England has issued a warning about the rise of digital fraud utilizing AI-generated content, following the circulation of fake images and videos depicting Governor Andrew Bailey in a fight with Nigel Farage. Users on X shared fabricated visuals claiming to be from a BBC program, with links leading to fraudulent pages promoting a scheme that falsely promises to turn an initial investment of £250 into £1 million in 11 weeks.

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This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.

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