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AII-1002-42643
ReportedReported by fewer than three independent publishers, with no official finding.

AI-Generated Deepfake Used to Impersonate SSI Chairman in Investment Scam

Scammers used AI-generated deepfake videos to impersonate SSI chairman Nguyễn Duy Hưng in fake social media accounts, directing investors to private groups and offering fraudulent investment advice. SSI publicly warned investors about the scheme and clarified the chairman's legitimate social media presence.

20 August 2024 · SSI · Fraud, scams and manipulation
20 August 2024
AII-1002-426432 sources ↓
Quick facts
Category
Fraud, scams and manipulation
Country
Vietnam
Source
VietNamNet News
Date
20 August 2024
Drafted by
Raidu Incident Detection

What happened

Scammers created fake Zalo accounts impersonating Nguyễn Duy Hưng, chairman of SSI, using AI technology to generate false images and videos of him.

The scammers directed investors from Zalo to private Telegram groups where they used AI-generated deepfakes of the chairman to provide investment advice and recommendations intended to deceive investors.

Reported impact

SSI warned investors about the scam affecting multiple potential victims seeking investment guidance.

Index analysis

The scheme targeted investors through social platforms using synthetic media to impersonate a company executive, exploiting trust in the chairman's legitimate public identity.

According to SSI, Nguyễn Duy Hưng owns only one verified Facebook account used for personal opinions and does not use social platforms for investment advice or group participation.

Governance controls

SSI publicly warned investors about the fraud method and clarified the chairman's legitimate social media presence to mitigate further deception.

Classification

Category
Fraud, scams and manipulation
Industry
Financial and insurance services
Country
Vietnam
Harm status
Potential harm
Intent
Intentional
Timing
Unknown
Harm types
Economic or property, Reputational
Harmed
Consumers, Business
Failure modes
Deepfake video, Manipulation or dark pattern
Consequences
None recorded
AI systems
AI image and video generation technology

Sources and evidence

This record was researched and written by the Index, based on the following original reporting.

VietNamNet News
Sau tỷ phú Trần Đình Long, chủ tịch SSI Nguyễn Duy Hưng bị mạo danh bằng AI
20 August 2024
TUOI TRE ONLINE
Dùng AI giả chủ tịch công ty chứng khoán SSI để 'lùa gà' nhà đầu tư
22 August 2024