ASIC Removes Over 19,400 Scams as AI Deepfakes Target Investors

The Australian Securities and Investments Commission ( ASIC ) removed more than 19,400 online scams in fiscal 2026, up 182% year over year, it said today (Monday). It warned that generative AI lets criminals build linked fake endorsements, websites and reviews. Scammers also reuse Australian financial services license details and impersonate legitimate businesses. That exposes brokers and…