Wednesday, December 11, 2024

Tag: AI deepfakes are wreaking havoc on an unprepared financial industry

AI deepfakes are wreaking havoc on an unprepared financial industry

by Joel R. McConvey, Activist Post:

The identity of the firm targeted in a deepfake video scam that resulted in the loss of US$25 million has been revealed. Although news about the fraud broke in February, The Financial Times has now confirmed that the injection attack was on UK engineering collective Arup, a group of 18,500 designers and consultants that focuses on sustainable development.