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The States Reporting the Most (and Fewest) Scams in 2026
ASIC says deepfake investment scams are becoming harder to detect as Australians lost more than $2 billion to scams in 2025, officials said.
- On Monday, the Australian Securities and Investments Commission warned that generative artificial intelligence is fueling a surge in sophisticated investment scams using hyper-realistic deepfake images and videos of high-profile figures to deceive Australians.
- Fraudsters build a "web of deception" by creating fake news articles and websites featuring celebrity endorsements to lure victims into fraudulent platforms, often promising significant financial returns.
- The corporate regulator removed more than 19,000 online scams in the 2026 financial year, almost triple the previous year's total, while high-profile impersonations swindled $7.4 million from victims last financial year.
- ASIC chair Sarah Court stated social media companies "need to step up to protect users," urging investors to verify Australian Financial Services licence numbers before committing funds to any opportunity.
- While Meta claimed new facial recognition technology helped reduce user reports by 22 per cent, the company declined to address why scam advertisements promoting fraudulent schemes continue receiving approval.
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The states reporting the most (and fewest) scams in 2026 - The Mexico Ledger
The states reporting the most (and fewest) scams in 2026Anyone can fall victim to a scam, but living in some parts of the U.S. can put you at higher risk.In 2024, the Federal Trade Commission put together a comprehensive Consumer Sentinel Network aggregation of reported incidents, and it revealed a clear pattern. More than 6 million reports of fraud, identity theft, and other consumer complaints were measured against state populations.Some state…
Sydney Morning Herald+2 Reposted by 2 other sources
The fake Alan Kohler interview that shows a type of scam that’s on the rise
The corporate regulator says bogus investment claims using sophisticated AI-generated images of famous Australians are becoming more prevalent.
·North Sydney, Australia
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Coverage Details
Total News Sources20
Leaning Left5Leaning Right2Center7Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 36%
C 50%
14%
Factuality
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