Artificial Intelligence has taken scamming to a whole new level. Over the past few years, deepfake technology has been used not just to impersonate celebrities, but to also trick people into transferring money or revealing very sensitive information.
Criminals can now make replicas of faces, voices, and even body language with very shocking accuracy, making it harder to distinguish real from fake these days. Recent reports from cybersecurity firms indicate a spike in the percentage of deepfake scams since 2023.
One such notorious case involved a deepfake of a Hong Kongese CFO used in a live video call to authorize a fraudulent $25 million transfer in 2024. As these scams grow more convincing, experts urge the people and companies across the world to adopt various multi-factor verification and voice authentication tools.
With AI speedily evolving, staying well informed is the first line of defense against becoming the next deepfake victim.
