#Thieves Are Now Using #AI #DeepFakes To #Scam #Companies

New York (The Verge) — Thieves are now using AI deepfakes to trick companies into sending them money theverge.com/2019/9/5/20851….

There may soon be serious financial and legal ramifications to the proliferation of deepfake technology. The Wall Street Journal reported last week that a UK energy company’s chief executive was tricked into wiring €200,000 to a Hungarian supplier because he believed his boss was instructing him to do so. Instead, it was a thief using deepfake tech.

The publication reported last week that a UK energy company’s chief executive was tricked into wiring €200,000 (or about $220,000 USD) to a Hungarian supplier because he believed his boss was instructing him to do so. But the energy company’s insurance firm, Euler Hermes Group SA, told the WSJ that a clever AI-equipped fraudster was using deepfake software to mimic the voice of the executive and demand his underling pay him within the hour.

“The software was able to imitate the voice, and not only the voice: the tonality, the punctuation, the German accent,” a Euler Hermes spokesperson later toldThe Washington Post. The phone call was matched with an email, and the energy firm CEO obliged. The money is now gone, having been moved through accounts in Hungary and Mexico and dispersed around the world, the Post reports. Nick Statt/@verge

Source: verge, full story

 

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