Technology content trusted in North America and globally since 1999
8,494 Reviews & Articles | 65,515 News Posts

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 from Sep 2, 2019 @ 19:31 CDT

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).


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.

Buy at Amazon

DeepFake Technology: Complete Guide to Deepfakes

Today Yesterday 7 days ago 30 days ago
$12.95 $12.95 $12.95
* Prices last scanned on 11/18/2019 at 11:54 am CDT - prices may not be accurate, please click for very latest pricing

Related Tags