felon appear to have stolen some $ 35 million from a United Arab Emirates bank with the help of AI - enhanced voice feigning , according toa new reportfrom Forbes . The “ deepfaked ” vocals were used to slang a bank employee into retrieve he was handing over the Johnny Cash on behalf of a legitimate business dealing connect with the bank .
The looting , which we bang about thanks to a recently uncoveredcourt papers , took place last January , when the unrevealed bank ’s branch managing director received a on the face of it normal sound call . The soul on the line claim to be the director of a large company with whom the manager had previously verbalize and they sounded just like them , the court document claim . This , paired with what appeared to be email from the society and its lawyer , convinced the limb manager that the business firm was in the midst of a great business deal worth $ 35 million . He subsequently comply the telephoner ’s orders and began initiating a number of big money transfers from the caller to new accounts . unluckily , it all turned out to be a advanced scam .
consider it or not , this is not the first time something like this has happened . In 2019 , an energy party in the United Kingdomsuffered a similar destiny — with fraudsters managing to steal some $ € 220,000 ( or $ 243,000 USD ) by likewise impersonate the company ’s CEO . And , according to masses monitoring the AI market , it is unlikely to be the last time , either .
Photo: TIM SLOAN/AFP (Getty Images)
“ Audio and visual deep fake represent the gripping developing of twenty-first century engineering yet they are also potentially incredibly unsafe posing a huge threat to data , money and business , ” Jake Moore , a cybersecurity expert with ESET , narrate Forbes . “ We are currently on the cusp of malicious histrion shifting expertise and resources into using the latest technology to manipulate people who are innocently incognizant of the land of deep fake technology and even their existence . ”
It ’s clean that deepfake technology has been getting scarily good lately — just tally outthose Tom Cruise videos . Should we regulate them?Might be a good idea — though critics are split on what itinerary new laws might take . Some people say such constabulary wouldcreate more problemsthan they lick , while others argue that they couldimpinge upon free speechand originative freedoms . Either way , it seems like we something we should all figure out ASAP , before multi - million buck deepfake bank heists become the new normal .
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