Summary

  • Deputy Communications Minister Teo Nie Ching warns the public of a fake Facebook page impersonating former Bank Negara governor Zeti Akhtar Aziz.

  • Deepfake video shows Zeti speaking in Mandarin and invites viewers to join a community for stock tips and economic insights.

  • Teo urges vigilance against such scams and criticises Meta for enabling AI-generated misleading content.


Deputy Communications Minister Teo Nie Ching has warned the public not to fall victim to a deepfake video featuring a former Bank Negara Malaysia governor offering “lifetime investment secrets” in Mandarin.

In a Facebook post yesterday, Teo alerted the public to a fraudulent Facebook page impersonating Zeti Akhtar Aziz, which has only 126 likes.

In the video, the artificial intelligence (AI)-generated Zeti claimed to have worked in the financial sector for over 40 years, shaping Malaysia’s monetary policies and witnessing significant economic changes, and she is now focused on sharing financial and investment knowledge post-retirement.

The video invites viewers to join an online community to “learn and grow together,” offering stock tips and economic insights to “help” users understand how Malaysian policies and market changes impact investments.

Be cautious, verify first

Teo reminded the public to stay vigilant when encountering such offers.

Deputy Communications Minister Teo Nie Ching

“Always verify thoroughly, remain sceptical, and avoid becoming a victim of such schemes.

“Remember, there’s no such thing as a free lunch. Be cautious of any investment plan claiming ‘guaranteed profits’ to avoid being scammed,” she said.

The deputy minister also criticised Meta for allowing AI to generate misleading videos in pursuit of advertising revenue, accusing the platform of indirectly aiding scammers preying on the people’s hard-earned money.