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‘They are another reminder of criminal activity designed to defraud people’: NatWest boss becomes latest City figure caught in AI social media scam

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  • NatWest boss depicted in a deepfake image shared widely online
  • The image was "designed to defraud people", according to Natwest
  • Deepfake images and videos of banking figures are becoming increasingly common

NatWest boss Paul Thwaite is the latest in a string of top banking figures to become the subject of an AI social media scam.

Thwaite, the chief executive of NatWest, was shown in a deepfake picture with journalist Emily Maitlis in an image designed to imitate a BBC radio interview.

The deepfake was shared widely on X, with one caption attempting to legitimise the image with the caption, “On air, Emily Maitlis raised the NatWest CEO’s salary, causing a strong reaction.”

Natwest boss among other banking figures targeted

The deepfake refers to Thwaite’s 33% increase in pay since 2024, with the NatWest boss securing a £6.6m pay package in the last year. A NatWest spokesperson told CityAM, “We’re...

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