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Deepfake VOICE used to trick manager into $243,000 transfer

CEO's voice used in DEEPFAKE fraud tricks manager into transferring $243,000

By Anthony Garreffa on Sep 2, 2019 at 07:31 pm CDT - 0 mins, 59 secs reading time

If you thought deepfake foolery only happened in video form, then you would be wrong -- some fraudsters have slammed a manager for $243,000 in something called vishing (voice phishing).

Deepfake VOICE used to trick manager into $243,000 transfer | TweakTown.com

This method involves using fake voice technology, with the Wall Street Journal reporting a case of voice fraud in which the company was caught with its pants down over $243,000.

Criminals used commercially available voice-generating AI software that tricked the CEO of a UK-based energy firm into thinking "he was speaking on the phone with his boss". The CEO heard the voice, thinking it was his boss and not thinking anything suspicious -- requesting him to transfer $243,000 urgently for an order with a Hungarian supplier.

The funds were transferred to Hungary, but then they were bounded to Mexico and into other countries. Authorities haven't caught the criminals yet, but it seems this is the first of AI-based attacks that will trick people into transferring money through voice calls.

Hell, even a video call with people is going to get hard -- requiring EVERYONE to be able to ID that person by (I guess) asking them something only THEY would know. What a world we live in.

Last updated: Sep 3, 2019 at 06:11 am CDT

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Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:thenextweb.com

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