Episode Details

AI deepfakes are flooding online spaces, with ASIC reporting a shocking 20,000 scams in just one year—many impersonating trusted figures like finance journalists and even the Reserve Bank governor to lure victims into fake investment schemes. These hyper-realistic fakes build false trust through convincing fake endorsements and cloned websites, making them nearly impossible to spot. Victims like veteran reporter Alan Kohler are left devastated, not just by financial losses but by the emotional toll of being wrongly blamed. Platforms like Meta claim they’re ramping up detection tools, but the sheer speed and scale of AI-fueled scams leave regulators scrambling. With Australians losing billions annually to these scams, the battle to stay ahead of this evolving threat is far from over—and getting more dangerous every day.

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