Con artists exploit Instagram ads to mimic legitimate Canadian banks and steal user data through phishing and deepfakes.
Scammers impersonate Canadian banks in fake Instagram ads
Threat actors are exploiting Instagram’s ad system to impersonate reputable Canadian banks and trick users into sharing personal and financial information.
These fraudulent campaigns mimic the branding of institutions like EQ Bank and BMO, using convincing visuals and offers to lure victims.
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