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Instagram 'BMO' Ads Use AI Deepfakes to Scam Banking Customers

Summary by BleepingComputer
Instagram ads impersonating financial institutions like Bank of Montreal (BMO) and EQ Bank (Equitable Bank) are being used to target Canadian consumers with phishing scams and investment fraud. Some ads use AI-powered deepfake videos in an attempt to collect your personal information, while others drive traffic to phishing pages.

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Notice to the clients of Banco Santander Social media scams Recommendations for protection Cybersecurity Channel in Whatsapp But it is not your bank that calls, nor that voice belongs to a human. It is a scam articulated with Artificial Intelligence (IA), capable of imitating real voices, and that has already alerted entities like Banco Santander. The new phone scam: recreate voices of relatives with Artificial Intelligence Warning to the client…

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Confidencial Digital broke the news in on Tuesday, June 17, 2025.
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