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Deepfakes serve as scam tools in finance, Spiros Margaris warns
Spiros Margaris, founder and owner at Margaris Ventures, warns that deepfakes are evolving from fake videos into core infrastructure for scams in the financial sector.
He notes that fraudsters can now clone the face and identity of respected scientists to create dozens of fake profiles and sell fake investments, which poses a severe threat to trust at scale. This development highlights a new front in the fight against financial crime.
Margaris has previously highlighted rapid changes in financial technology. He noted Cisco’s 15 percent stock rise driven by AI demand, as the company cut thousands of jobs in a recent report. In another article, he argued that while AI expertise is crucial in finance, critical thinking may become the most valued skill.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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