New Investment Scam Leverages AI, Social Media Ads to Target Victims Worldwide

A new investment scam, Nomani, uses AI-generated video testimonials and social media malvertising to target victims worldwide. The scam, which grew by over 335% between H1 and H2 2024, involves fraudulent ads on social media platforms, phishing websites, and manipulative phone calls to steal personal information and money. Nomani is suspected to be the work of Russian-speaking threat actors, with multiple groups involved in different aspects of the attack chain.