AIIC AI Intelligence Centre

SOURCE-LINKED INTELLIGENCE

Alleged AI-Generated Scam Uses Bank of Cyprus Branding to Solicit Investments

AI Incident Database · article · Nov 14, 2024 · UTC

An alleged fraudulent online platform presented as the "Bank of Cyprus Trading AI Platform" was promoted using reportedly fabricated media, including a video that appeared to depict the Bank's CEO endorsing the service. The video reportedly used misleading branding, including the BBC logo, and promised unrealistic investment returns. The Bank of Cyprus publicly denied any affiliation and warned customers about the use of AI-generated content in the scam.

Read original source ↗ Open in workspace

recordType
incident-report
evidenceStatus
reported
region
Global

Reported occurrence date: 2024-11-14T00:00:00.000Z

Evidence & attribution

AI Incident Database, Responsible AI Collaborative; McGregor (2021), Preventing Repeated Real World AI Failures by Cataloging Incidents. Incident-specific contributor credits are available at each citation link. Metadata adapted; article text excluded.

License: CC BY-SA 4.0

First collected: 2026-09-19T22:50:59.123Z. This is not the publication date.

Observed changes

AIIC observation times, not verified publisher revision times. Up to eight recent revisions.

2026-09-20T23:22:28.549Z

  • publishedAt: Not provided2024-11-14T00:00:00.000Z