Investment: Fraud
The question
To ask the Secretary of State for the Home Department, what steps her Department has taken to protect consumers against fraudulent investment opportunities presented online through the use of deepfakes.
Answered by Sarah Jones
Under the Online Safety Act, online platforms are required to take proactive measures to stop fraudulent content appearing on their platforms. This includes fraudulent investments using deepfakes.
The government’s ‘Stop! Think Fraud’ campaign provides practical information on how to spot fake online adverts, including deepfake celebrity investment endorsements, and advice on how to report these scams if individuals fall victim.
The Government will shortly publish a new Fraud Strategy, as set out in our manifesto, which will set out how we will work with law enforcement, industry and others to go further in protecting the public from all fraud, including AI enabled fraud.
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