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Policy & Regulation
AI-Forged Identities Used to Defraud Canadian Banks; Pakistan-Canada Fraud Network Busted
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Summary
Pakistan’s National Cyber Crime Investigation Agency says it arrested seven people in Lahore on October 19 over an alleged scheme to defraud Canadian banks using AI-generated photos and forged passports. Investigators say three people in Pakistan created identities and opened accounts remotely, while four alleged accomplices in Canada used approved cards to spend the available credit. The investigation is continuing.