Deepfakes and cryptocurrency frauds are at the top of the list of swindles. According to Norton Labs, over $29 million in BTC was stolen in 2021, and the frequency of similar scams will grow in 2022 as the value of the bitcoin market rises.
Norton Labs has published its annual Consumer Cyber Safety Pulse Report, which conveys the top consumer data protection perspectives, tips, and advice from January to March 2022. This Includes how fraudsters use deepfakes and bitcoin swindles to get access to people’s financial and personal information.
According to Norton’s report, there were over 18,013,055 threats, 59,907 phishing attempts, and 31,062 tech support frauds in India.
Deepfakes are used by bad actors to spread false information. The Norton laboratories team, for example, found that these criminals utilise Deepfakes to construct fake social media profiles (phoney profile information) on sites such as YouTube, LinkedIn, Twitter, and Facebook. They also create charity scams such as Kids Wish to Network, the Cancer Fund of America, the Breast Cancer Relief Foundation, and several more charity-based scams and other fraudulent practices.
These fake accounts and charity frauds disseminate misleading information in order to achieve their destructive objectives.
One example is the continuing war propaganda in Ukraine. Bad actors are distributing false news on Ukraine’s ongoing military conflict and Deepfakes by creating a film that sows seeds of uncertainty and doubt.
