Indonesia's Regulator Warns Investors: AI Deepfakes Fuel Stock Scams

Indonesia’s Financial Services Authority (OJK) is telling investors to raise their guard: scammers are now using artificial intelligence and deepfake tech to run stock scams.

What the regulator says

At the Ring The Bell For Financial Literacy 2026 event at the Indonesia Stock Exchange building on 14 October 2026, OJK’s head of securities firm supervision, Edi Broto Suwarno, said deepfake tools can create fake videos or voices that look and sound like public figures or finance professionals. These fakes appear to recommend certain investments. Some scammers also pose as official financial institutions promising high returns with zero risk.

Edi said investors should be critical of investment offers on social media and chat apps. “Legal and logic,” he said. That means check whether the offer is legally registered and whether the promised returns make sense.

Three checks before you invest

The OJK official urged investors to build a simple habit: verify information before trusting it, understand a product before buying, and confirm the true purpose of a transaction before transferring money.

He also warned people not to share personal data, passwords, personal identification numbers (PINs), or one-time passwords (OTPs). Investment, he said, is not a race to get rich quickly. Avoid buying a stock just because it is popular on social media or out of fear of missing out. Prices rise and fall, so build resilience with clear goals, an emergency fund, diversification, and risk that fits your finances.

The takeaway: If an investment pitch looks too slick or too good, stop and check legal and logic first.