Description: According to Medius, Deepfake scams have targeted 53% of businesses in the U.S. and U.K., with 43% falling victim. Using AI to create realistic fake videos and audio of corporate executives, scammers have successfully stolen millions, including $25 million from British engineering group Arup.
Entities
View all entitiesAlleged: Unknown deepfake technology developers developed an AI system deployed by Unknown scammers and Unknown deepfake creators, which harmed American businesses , British businesses , Finance professionals , Employees and Arup.
Incident Stats
Incident ID
800
Report Count
1
Incident Date
2024-09-03
Editors
Daniel Atherton
Incident Reports
Reports Timeline
cfodive.com · 2024
- View the original report at its source
- View the report at the Internet Archive
- Just over half (53%) of businesses in the U.S. and U.K. have been targets of a financial scam powered by “deepfake” technology, with 43% falling victim to such attacks, according to a survey by finance software provider Medius.
- Of the 1,53…
Variants
A "variant" is an incident that shares the same causative factors, produces similar harms, and involves the same intelligent systems as a known AI incident. Rather than index variants as entirely separate incidents, we list variations of incidents under the first similar incident submitted to the database. Unlike other submission types to the incident database, variants are not required to have reporting in evidence external to the Incident Database. Learn more from the research paper.
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