Thieves stole over $240,000 by using voice-mimicking software to trick a company’s employee. The thieves used an AI voice deepfake of a company executive to get the employee to wire money to an offsite account in what researchers say is the first publicly reported AI heist.

If you haven’t heard by now, AI technology like deepfakes are able to accurately mimic or copy the likeness and sound of real people. This is what happened to one company’s managing director who received a call from someone he believed was his superior. The superior’s voice told the employee to wire the money to a Hungarian bank account to avoid “late-payment fines.”

According to the company’s insurer Euler Hermes, who detailed the events of the heist to The Washington Post, the AI-altered voice “was able to imitate the voice, and not only the voice: the tonality, the punctuation, the German accent,” of the company superior. The heist was first reported by the Wall Street Journal.

Continue reading…

Source: IGN.com Deepfake Voice Used to Steal Over 0,000 in AI-Powered Heist