Signal A deepfake CFO on a video call induced a $25 million payout

Summary

AI-driven deception has already enabled frauds worth millions of dollars. Deloitte cites a case in which cybercriminals used deepfake technology to impersonate a company's chief financial officer during a video conference. The fake executive persuaded an employee to transfer 25 million dollars. Deloitte uses the example to show that the problem of synthetic identities reaches well beyond hiring. It also observes that while organisations are increasingly alert to such external misinformation risks, they often overlook problems with the quality of their own internal data. Both threats undermine the trust on which decisions about people and work depend.