Activity of the sophisticated Nomani investment scam has surged by 62% this year, expanding its reach beyond Facebook to platforms like YouTube with the aid of AI-enhanced deepfake videos, according to The Hacker News.
Data from cybersecurity firm ESET, which has blocked over 64,000 associated URLs, shows that the scam uses fabricated ads and fake news articles to lure victims into non-existent investment platforms that promise high returns.
The operation has refined its techniques, producing higher-resolution deepfakes of public figures with more natural movements and improved audio-visual synchronization to evade detection. To further avoid platform safeguards, attackers run campaigns for only hours and increasingly abuse legitimate social media ad tools, such as embedded forms, to harvest personal and financial data.
When victims attempt to withdraw funds, they are subjected to additional fraudulent fees or targeted by secondary scams posing as law enforcement agencies like Europol.
Data from cybersecurity firm ESET, which has blocked over 64,000 associated URLs, shows that the scam uses fabricated ads and fake news articles to lure victims into non-existent investment platforms that promise high returns.
The operation has refined its techniques, producing higher-resolution deepfakes of public figures with more natural movements and improved audio-visual synchronization to evade detection. To further avoid platform safeguards, attackers run campaigns for only hours and increasingly abuse legitimate social media ad tools, such as embedded forms, to harvest personal and financial data.
When victims attempt to withdraw funds, they are subjected to additional fraudulent fees or targeted by secondary scams posing as law enforcement agencies like Europol.
