Deepfake scams have robbed companies of millions

Deepfake scams are increasingly exploiting AI to defraud companies. A Hong Kong finance worker was tricked into transferring $25 million after fraudsters used AI-generated deepfake videos and voices to impersonate colleagues during a video call. The rise of generative AI tools like ChatGPT has lowered barriers for cybercriminals, leading to more sophisticated and frequent scams. These attacks not only aim to steal money but also manipulate stock prices, defame brands, and spread misinformation, making deepfakes a growing corporate threat.

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