An employee opens her work email and finds a message, apparently from her supervisor, directing her to wire $100,000 to an unfamiliar account. The request is unusual as her supervisor has never asked her to wire money before. She clicks to expand the sender’s address and immediately sees that the domain does not match. She reports the attempt to IT and wires nothing. The scheme she foiled is known as a business email compromise scam, a form of spoofing in which fraudsters impersonate authority figures to trigger unauthorized financial transfers.[1] Most employers are aware of this type of scam and have policies designed to prevent it. Employers are generally prepared to address routine spoofing, however, artificial intelligence has significantly raised the stakes and introduced new risks.
Consider what happened in February 2024. A finance employee at a non-U.S.-based multinational engineering firm also received what appeared to be a suspicious email.[2] This time, however, the employee was persuaded to join a video conference call that appeared to include the company’s chief financial officer and other senior executives. The employee agreed to wire $25.6 million. Every participant on that call, except the victim, was an AI-generated deepfake. The faces and voices of real corporate officers, including the CFO, had been manufactured while on the video call. The deception was difficult to detect because the deepfakes on the video call looked and sounded real. According to...
New Delhi: A digitally altered video circulating on social media falsely claims that China has taken control of Asaphila, Longju and Taksing Circle in Arunachal Pradesh and that the Indian Army ha...