SEC Warns of Rising AI Fraud and Impersonation in Ghana
In a revealing move, Acting Deputy Director-General of the Securities and Exchange Commission (SEC), Mr. Mensah Thompson, has raised urgent concerns about the growing misuse of artificial intelligence (AI) in fraudulent schemes and impersonation across the country. His warning underscores the evolving challenges Ghana’s financial regulators face in safeguarding investors amid the rise of digitally enabled fraud. AI-Driven Fraud: A New Frontier Last month, the SEC issued a public alert drawing attention to a disturbing trend: fraudulent investment platforms are increasingly deploying AI to impersonate trusted public figures. These ploys often feature manipulated images and voice recordings to deceive unsuspecting investors, giving scammers a veneer of credibility. The fabricated endorsements tap into social media platforms, complicating efforts to trace perpetrators. Mr. Mensah Thompson echoed this urgency, emphasizing that such advancements in AI technology are quickly being weaponized. “AI-generated content can […]