AI Deepfake Scam Impersonates Taiwan Stock Exchange Chairman
Scammers used AI deepfake technology to impersonate Taiwan Stock Exchange Chairman Lin Xiuming on social media, creating fake images and videos to solicit investment. The exchange issued a statement clarifying that the chairman never established investment groups or social media accounts for promoting financial products.
What happened
Scammers impersonated Taiwan Stock Exchange Chairman Lin Xiuming on LINE, Facebook and other social media platforms using AI deepfake technology to create fake images and video content.
The fraudulent accounts claimed to offer investment advice, recruit people into investment groups and promote financial products.
Reported impact
The Taiwan Stock Exchange stated that Chairman Lin Xiuming has never established or operated any investment groups, set up Facebook pages, LINE official accounts or other social media accounts for investment recruitment activities.
Governance controls
The Taiwan Stock Exchange issued a statement clarifying that the exchange and its employees do not recommend individual stocks, solicit investments, guarantee profits or request personal data, account information or wire transfer requests through social media or messaging apps.
The exchange urged the public to verify any messages about the exchange or its staff by calling the investor service center at (02) 2792-8188 or contacting the exchange feedback mailbox, and to report suspected fraud to police hotline 165 or local law enforcement.
Classification
Sources and evidence
This record was researched and written by the Index, based on the following original reporting.