Are deepfake fraud risks overhyped? Where enterprises are exposed
Deepfakes are the hot new enterprise risk. British engineering group Arup lost $25 million recently after scammers used AI deepfakes to falsely pose as the group’s CFO and request transfers from an employee to fraudulent bank accounts. But will deepfakes become the number one avenue for fraudsters to steal money? Likely not. There are far more common and pervasive cyber fraud attack methods, specifically business email compromise (BEC) schemes. Data shows that 83% of companies…
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