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China issues a warning against a surge in 'AI CEO' scams, where fraudsters use generative AI to fabricate faces and voices, posing as attractive young CEOs to solicit money from the elderly.

New AI-Powered Scams on the Rise

China is experiencing a surge in new fraud schemes leveraging artificial intelligence (AI) technology. Specifically, there's a growing trend of fraudsters using generative AI to manipulate faces and voices, impersonating attractive young CEOs to approach and deceive the elderly. These scammers typically establish relationships with victims through social media, building trust through emotional manipulation before executing their schemes.

Elderly Targeted for Financial Exploitation

Fraudsters approach elderly victims, coercing them into purchasing products or demanding direct money transfers. Cases of octogenarians falling victim to these tactics have been reported, highlighting that the elderly are particularly vulnerable. The deceptive nature of AI-generated identities makes it difficult for victims to recognize the fraud, posing a significant challenge. Furthermore, operators offering services for creating such manipulated videos and voices are readily found on SNS, exacerbating the issue.

*Source: 한국경제 (2026-03-15)*

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