Deepfake fraud is a new, potentially devastating issue for businesses. In fact, last year a top executive at an unidentified energy company was revealed to have been conned into paying £200,000 by scammers using artificial intelligence to replicate his boss's voice — simply because he answered a telephone call, which he believed was from his German parent company. The request was for him to transfer the funds, which he dutifully sent to what he presumed was his parent company. In the end, the funds were stolen by sophisticated criminals at the forefront of what I believe is a frightening new age of deepfake fraud. Although this was the first reported case of this kind of fraud in the UK, it certainly won't be the last.
Recently, a journalist paid just over $550 to develop his own deepfake, placing the face of Lieutenant Commander Data from Star Trek: The Next Generation over Mark Zuckerberg's. It took only two weeks to develop the video.
When the Enterprise Evolves, the Enemy AdaptsWe're no strangers to phishing emails in our work inboxes. In fact, many of us have received mandatory training and warnings about how to detect them — the tell-tale signs of spelling errors, urgency, unfamiliar requests from "colleagues," or the slightly unusual sender addresses. But fraudsters know that continuing with established phishing techniques won't survive for much longer. They also understand the large potential gains from gathering intelligence from corporations using deepfake technology — a mixture ..
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