Security News Instagram 'BMO' ads use AI deepfakes to scam banking customers BleepingComputer Daniel Bender Jun 17, 2025 Instagram ads impersonating financial institutions like Bank of Montreal (BMO) and EQ Bank (Equitable Bank) are being used to target Canadian consumers with phishing scams and investment fraud. Some ads use AI-powered deepfake videos in an attempt to collect your personal information, while others drive traffic to phishing pages.