Branch2 Intelligence
Natwest boss becomes latest City figure caught in AI social media scam
Key takeaway
Deepfake video of NatWest CEO Paul Thwaite used in investment scam on social media.
- Step 11st-order: Deepfake video of NatWest CEO circulates on social media, impersonating him in a fake BBC interview.
- Step 22nd-order: Reputational risk for NatWest as customers and investors question security of executive communications; regulatory bodies (FCA, ICO) may investigate.
- Step 33rd-order: Increased compliance costs for UK financial firms as regulators mandate stronger identity verification and AI fraud detection measures.
Source: City A.M.
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