Cybersecurity Dive September 4, 2024
The vast majority of corporate finance professionals, 85%, now view such scams as an “existential” threat, a Medius study found.
Dive Brief:
- Just over half 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 1,533 U.S. and U.K. finance professionals polled by Medius, 85% viewed such scams as an “existential” threat to their organization’s financial security, according to a report on the findings published last month. Deepfakes are artificial intelligence-manipulated images, videos, or audio recordings that are bogus yet convincing.
- “More and more criminals are seeing deepfake scams as an effective way...
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