Half of Executives Expect More Deepfake Attacks on Financial and Accounting Data in Year Ahead

Deloitte's September 2024 press release highlights a significant rise in deepfake financial fraud incidents, with over 25% of organizations reporting at least one such event in the past year. Looking ahead, 51.6% of C-suite and other executives anticipate an increase in both the number and severity of these attacks targeting financial and accounting data within the next 12 months.

The report underscores the growing sophistication of cybercriminals employing deepfake technology to deceive organizations, leading to substantial financial losses. It emphasizes the urgent need for companies to implement robust cybersecurity measures, including advanced detection systems and comprehensive employee training programs, to effectively identify and counter deepfake threats. Deloitte's findings serve as a critical reminder for organizations to proactively strengthen their defenses against the evolving landscape of cyber threats, particularly those leveraging advanced technologies like deepfakes.

Read the full release to learn more.