Deepfake Technology Used to Fool Employees into Transferring Funds to Criminals

Posted on: March 26th, 2024 by Leaders' Choice Staff No Comments

The newest cyber and financial fraud threat facing businesses is deepfake technology, which criminals are using to extract money from unsuspecting accounts payable personnel. A finance worker at a multinational company in Hong Kong was duped into transferring $25 million to criminals who had used deepfake technology to pose as the business’s chief financial officer […]

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