Bank of England warns of AI scams as deepfakes of Farage-Bailey fight spread
Summary
The Bank of England warned the public about AI-generated scams after deepfake videos (fake videos created using AI to show people doing things they never did) of its governor fighting a politician spread on social media. These scams use AI to impersonate banks and public figures to trick people, especially vulnerable ones, into giving up money or personal information. Bank officials urged people to report these scams so authorities can remove them and catch the criminals behind them.
Solution / Mitigation
Andrew Bailey urged the public to report the videos so they could be taken down. The Bank of England raised concerns about the posts with Reform UK and with social media platforms. The UK's Online Safety Act contains provisions requiring tech platforms to tackle fraudulent advertising, though those duties do not come into force until next year.
Classification
Affected Vendors
Related Issues
Original source: https://www.theguardian.com/business/2026/jun/09/bank-of-england-ai-scams-deepfakes-nigel-farage-andrew-bailey-fight-x-question-time
First tracked: June 9, 2026 at 08:00 PM
Classified by LLM (prompt v3) · confidence: 75%