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

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

Published Mon, Sep 2 2019 7:31 PM CDT   |   Updated Tue, Nov 3 2020 11:47 AM CST

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 |

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

TodayYesterday7 days ago30 days ago
* Prices last scanned on 1/22/2021 at 10:25 am CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. 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 custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles