ADVERTISEMENT
TechEconomy
Thursday, June 5, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Meta Targets AI-Generated Celebrity Scams, Removes 8,000 Ads

Meta Targets AI-Generated Celebrity Scams, Removes 8,000 Ads

Joan Aimuengheuwa by Joan Aimuengheuwa
October 2, 2024
in Apps
1
Meta Targets AI-Generated Celebrity Scams, Removes 8,000 Ads
Meta

Meta

RelatedPosts

TikTok Launches 'TikTok for Artists' to Give Musicians Direct Access to Data, Control Over Promotion

‘TikTok for Artists’ Launches to Give Musicians Direct Access to Data, Control Over Promotion

June 3, 2025

Elon Musk’s XChat Launches to Rival WhatsApp, Telegram, Others

June 2, 2025

Meta Platforms Inc. has removed approximately 8,000 fraudulent advertisements from Facebook and Instagram, targeting “celebrity bait” scams. 

These deceptive ads exploit images of well-known personalities, frequently generated by AI, to lure unsuspecting consumers into fictitious investment schemes.

This initiative is in line with Australian banks’ target to tackle the rising tide of such scams. Since April, the Australian Financial Crimes Exchange has reported 102 instances of these scams, prompting Meta’s swift action. 

The Australian government has placed increased watch on the social media giant, with plans to introduce anti-scam legislation by the end of the year. This proposed law could impose substantial fines of A$50 million (approximately $34 million) on social media, financial, and telecommunications firms that fail to adequately address these fraudulent practices. A public consultation on the legislation will conclude on October 4.

The Australian Competition and Consumer Commission revealed an increase in scam reports, with a nearly 20% rise in 2023 alone, resulting in losses of A$2.7 billion. In a previous lawsuit against Meta, the commission accused the company of inadequately preventing the spread of misleading cryptocurrency advertisements featuring images of celebrities like Mel Gibson, Russell Crowe, and Nicole Kidman. It estimated that a high portion—58%—of such ads on Facebook could be potential scams.

Meta is currently contesting this lawsuit, which has not yet proceeded to hearings. The company is also facing another civil lawsuit in California from Australian billionaire Andrew Forrest. 

He alleges that Meta facilitated the distribution of numerous fraudulent cryptocurrency ads using his likeness, highlighting the ongoing issues that have been since he first alerted the platform to these scams in 2019.

David Agranovich, Meta’s director of threat disruption, acknowledged the early stages of their collaboration with Australian banks during a media briefing. He said even a small number of significant reports could lead to the identification of broader fraudulent activities.

Regarding the proposed anti-scam legislation, Agranovich stated that Meta is still reviewing the draft, promising further updates in due course. Rhonda Luo, the head of strategy and engagement at the Australian Financial Crimes Exchange, emphasised the importance of proactive industry measures to stay ahead of scams, rather than merely reacting to regulatory changes.

Loading

Advertisements
MTN ADS

0Shares
Tags: adsAI-Generated Celebrity ScamsAustralian banksAustralian Competition and Consumer CommissionAustralian Financial Crimes Exchangecelebrity bait scamsDavid AgranovichMeta
Previous Post

The Financial Upside of Refurbishing IT Assets

Next Post

IT is Not Just a Department – How DevOps and Interconnectivity Help W/African Enterprises Evolve

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

TikTok Launches 'TikTok for Artists' to Give Musicians Direct Access to Data, Control Over Promotion
Apps

‘TikTok for Artists’ Launches to Give Musicians Direct Access to Data, Control Over Promotion

by Joan Aimuengheuwa
June 3, 2025
0

TikTok now allows artists to drill down into follower demographics, including age range, preferred language, and gender

Read more
Elon Musk’s XChat Launches to Rival WhatsApp, Telegram, Others

Elon Musk’s XChat Launches to Rival WhatsApp, Telegram, Others

June 2, 2025
Meta Tops EU List for Child Data Violations, Fined €2.7 Billion Under GDPR

Meta Tops EU List for Child Data Violations, Fined €2.7 Billion Under GDPR

May 29, 2025
Elon Musk’s xAI to Invest $300 Million in Telegram Deal

Elon Musk’s xAI to Invest $300 Million in Telegram Deal

May 28, 2025
Temu at Google I/O 2025

How Temu Got Featured on Google I/O 2025 for Advancing Digital Shopping Experiences

May 27, 2025
Apple Blocks Over $2 Billion in Fraudulent App Store Transactions in 2024 Alone

Apple Blocks Over $2 Billion in Fraudulent App Store Transactions in 2024 Alone

May 27, 2025
Next Post
data and hybrid Cloud, West African enterprises - DevOPs and IT Department

IT is Not Just a Department - How DevOps and Interconnectivity Help W/African Enterprises Evolve

Comments 1

  1. Pingback: Meta Reintroduces Facial Recognition to Curb Misuse of Celebrity Images in Scam Ads

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.