Security Tip of the Week – Is ChatGPT Your Next Financial Advisor?

In a new phishing scam, cybercriminals are using ChatGPT’s popularity to trick victims into thinking they are investing in the stock market. Don’t fall for it!

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ChatGPT, an artificial intelligence (AI) chatbot created by OpenAI, has risen in popularity since its release last year. Now, cybercriminals are using ChatGPT’s popularity to lure you into phishing scams. In one of these scams, cybercriminals try to trick you with a fake new ChatGPT feature.

The scam starts with a phishing email informing you that ChatGPT has a new feature to help you invest in the stock market. If you click the link in the email, you’ll be taken to a spoofed ChatGPT website and prompted to enter your contact information. Then, a representative will call you and request that you submit a payment to open your investment account. Unfortunately, if you submit a payment, that money won’t help you invest in the stock market. Instead, cybercriminals will steal it to invest in their own malicious pursuits.

Follow the tips below to stay safe from similar scams:

  • Before you click a link, hover your mouse over it. Make sure that the link leads to a legitimate, safe website that corresponds with the content in the related email.
  • Be cautious of unexpected investment opportunities. Remember, if something seems too good to be true, it probably is!
  • Never submit payments to a bank account provided in an email, text message, or phone conversation. Instead, navigate to the organization’s official website to submit a secure payment.

Stop, Look, and Think. Don’t be fooled.


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KnowBe4 is the world’s most popular integrated platform for awareness training combined with simulated phishing attacks. Let Keller Schroeder show you how KnowBe4 has helped thousands of organizations just like yours manage the continuing problem of social engineering. Contact us today to learn more.


DISCLAIMER : Any non-technical views expressed are not necessarily those of Keller Schroeder or its employee-owners.

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