10 things you need to know about deepfakes in banking
Add a deepfake; subtract a positive outcome Last month, a European investment bank suffered a €2m loss after fraudsters deployed an AI-generated voice clone of its CEO to coerce a junior executive into transferring funds to a dummy account. This incident, far from isolated, underscores a chilling reality: deepfakes—AI-generated content that mimics humans—are no longer […]
