Italy’s financial markets regulator, Consob, has ordered the
blackout of 17 websites that illegally offered investment and crypto-asset
services. Several of these sites used fake advertisements featuring deepfaked
images and voices of prominent Italian politicians.
The websites cloned the likenesses of Prime Minister Giorgia
Meloni, Deputy Prime Minister Matteo Salvini, Elly Schlein, and Carlo Calenda
to promote unauthorized financial services. None of the politicians had any
connection to the activities.
Italy Restricts Access to Fraudulent Platforms
Consob banned several online platforms that promoted
unauthorized investment and crypto-asset services. The regulator said these
sites advertised illegal offerings and used misleading promotional content to
attract investors.
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With the latest action, the total number of websites blocked
by Consob has risen to 1,443. The regulator used its expanded powers to
restrict access to platforms operating without authorization to protect Italian
investors from fraudulent activities.
Investors Urged to Verify Providers’ Authorization
Italian internet providers are now implementing the blocks,
though Consob noted that technical delays may occur.
The Authority reminded investors to act with caution when
approaching online investment offers. It advised verifying that service
providers are authorized and that relevant prospectuses or white papers are
available before committing funds.
Meanwhile, Australia’s securities regulator, ASIC,
has removed over 330 fraudulent investment websites this year, a 25%
increase from last year. Many of these sites used images of well-known
billionaires, including Andrew Forrest, Gina Rinehart, and Anthony Pratt, to
falsely promote get-rich-quick schemes and mislead potential investors.
Consob Partners with Google to Block Fraud Ads
Consob partnered with Google
to strengthen protection against online financial fraud. The collaboration
focuses on creating a digital filter that blocks ads for fraudulent investment
schemes before they reach websites or social media.
Announced at a conference
in Rome, the initiative brought together institutional and digital leaders, including
representatives from the Bank of Italy, Guardia di Finanza, and Italy’s
National Cybersecurity
Cybersecurity
Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer
Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer
Read this Term Agency.
Consob emphasized that while regulators remain on the front
line, cooperation with major tech platforms is essential. The partnership is
seen as an initial step, with potential expansion to companies like Meta, X,
and LinkedIn.
Italy’s financial markets regulator, Consob, has ordered the
blackout of 17 websites that illegally offered investment and crypto-asset
services. Several of these sites used fake advertisements featuring deepfaked
images and voices of prominent Italian politicians.
The websites cloned the likenesses of Prime Minister Giorgia
Meloni, Deputy Prime Minister Matteo Salvini, Elly Schlein, and Carlo Calenda
to promote unauthorized financial services. None of the politicians had any
connection to the activities.
Italy Restricts Access to Fraudulent Platforms
Consob banned several online platforms that promoted
unauthorized investment and crypto-asset services. The regulator said these
sites advertised illegal offerings and used misleading promotional content to
attract investors.
Join
IG, CMC, and Robinhood in London’s leading trading industry event!
With the latest action, the total number of websites blocked
by Consob has risen to 1,443. The regulator used its expanded powers to
restrict access to platforms operating without authorization to protect Italian
investors from fraudulent activities.
Investors Urged to Verify Providers’ Authorization
Italian internet providers are now implementing the blocks,
though Consob noted that technical delays may occur.
The Authority reminded investors to act with caution when
approaching online investment offers. It advised verifying that service
providers are authorized and that relevant prospectuses or white papers are
available before committing funds.
Meanwhile, Australia’s securities regulator, ASIC,
has removed over 330 fraudulent investment websites this year, a 25%
increase from last year. Many of these sites used images of well-known
billionaires, including Andrew Forrest, Gina Rinehart, and Anthony Pratt, to
falsely promote get-rich-quick schemes and mislead potential investors.
Consob Partners with Google to Block Fraud Ads
Consob partnered with Google
to strengthen protection against online financial fraud. The collaboration
focuses on creating a digital filter that blocks ads for fraudulent investment
schemes before they reach websites or social media.
Announced at a conference
in Rome, the initiative brought together institutional and digital leaders, including
representatives from the Bank of Italy, Guardia di Finanza, and Italy’s
National Cybersecurity
Cybersecurity
Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer
Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer
Read this Term Agency.
Consob emphasized that while regulators remain on the front
line, cooperation with major tech platforms is essential. The partnership is
seen as an initial step, with potential expansion to companies like Meta, X,
and LinkedIn.
