The proliferation of deepfake technology is raising alarms globally, as incidents of AI-generated fraud skyrocket, with deepfake fraud rising 3000% last year. A finance department worker in Hong Kong was duped into transferring $200 million Hong Kong dollars (approximately $25.6 million USD) due to a deepfake impersonation of a CFO. This incident underscores the significant threat deepfakes pose to financial security and the effectiveness of traditional identity verification methods, such as Know Your Customer (KYC). Governments are taking action, with South Korea imposing a 90-day ban on deepfakes ahead of their April elections. The White House has also acknowledged the threat, working with the private sector to flag deepfake content. Meanwhile, the National Science Foundation is funding research to combat online misinformation, including deepfakes, with a $5.7 million grant to an organization. The Biden administration is investing millions in artificial intelligence research to develop tools to combat misinformation. The urgency to address deepfake technology extends beyond financial fraud to concerns over political disinformation and sexual exploitation.
"What happens when AI can create deepfakes of everything – your voice, your image, the way you talk? There's already an arms race between banks and fraudsters." What happens is absolute financial chaos – unless we shut down the supply chain that creates deepfakes, before it… https://t.co/HZY39HPsMP
The risk posed by AI deep fakes goes far beyond identity theft and false pornographic videos. What might happen if AI began deep faking our economic system or even money itself? Full conversation with @StevenBartlett available at https://t.co/TnNVzTEEXF. #ai #deepfake #money https://t.co/uDTvgS1NGp
The pornography industry preys on young women, abuses them for a short number of years, and then waits around for them to die. The pornography industry preys on young men online every day. These evils will continue to grow until we stop ignoring these problems. https://t.co/BDiHRDyRqQ
Deepfakes are sexual exploitation, and they don't just happen to celebrities—they're happening to women and girls everywhere. We must pass my legislation, the Preventing Deepfakes of Intimate Images Act, to hold perpetrators accountable. https://t.co/d6mSsWZJwS
Deepfake sexual imagery doesn't just affect celebrities: it threatens everyone. We have to get this under control. ABC have reported on how deepfake tech has become more common, more convincing and more dangerous, and explained how millions of women could now become victims. https://t.co/RPnCD4HQGG
"The Weaponization of the National Science Foundation: How NSF is Funding the Development of Automated Tools to Censor Online Speech 'At Scale' and Trying to Cover Up its Actions." Read our latest @Weaponization report: https://t.co/2WcP6TFhPX
US regulators are retards. If they want this power they should be rushing at breakneck speed to regularize companies like Coinbase and Binance US. Instead they're harassing them and trying to sue them out of existence. https://t.co/Gx3FdzzD4b
US regulators are retards. AI is out there being used to steal eight figures from corporations and absolutely make a mockery of KYC online. Cryptocurrency PKI systems is the ultimate identity solution and they're trying to kill them? https://t.co/Gx3FdzzD4b
The Biden administration is spending millions on artificial intelligence research designed to create tools to combat "misinformation" that can then be handed over to social media giants.
CFO Cloned, 200 Crores Stolen: Hong Kong Company Falls Victim To Deepfake https://t.co/3fENnGbFLX https://t.co/N25c30EAgU
I want to see the that $25 mil scam deep fake video call so badly Like was this finance employee an idiot? Or did the scammers actually do an amazing job cloning multiple people on a call?
Honored to have FFO's work (@FFO_Freedom) featured in @DailyCaller today. They cover our bombshell report on the totally corrupt National Science Foundation giving over $5 million to a censorship mercenary firm who censors "gender misinformation" "abortion misinformation" & more https://t.co/DiDWcSNBF6
BREAKING: The National Science Foundation gave a $5.7 million grant to a left wing dark money tied organization to combat “misinformation.” Bottom Line: The Biden admin is trying to police speech by empowering left wing dark money organizations. https://t.co/wCI5SJzrT5
Deepfake-Generating Apps Explode, Allowing Multimillion-Dollar Corporate Heists https://t.co/2ECL0JNDju
The White House says this threat is top of mind and is working with the private sector to find ways to flag deep fake generated content online. https://t.co/5leBLvbtTJ
#GenerativeAI is challenging 'know your customer' (#KYC) effectiveness in finance and tech. 👤 Deepfake ID images can now be made in days, raising major security concerns. 💻 Apps are vulnerable to accepting these fakes, even bypassing live camera feeds. 🚨 Liveness checks…
Today AI is able to fake an ID screenshot for KYC. Yesterday someone used a deepfake on a video call to defraud $25m from a CFO. The dark web is already littered with thousands of hacked KYC databases. Seems like only a matter of time before KYC is dead. https://t.co/WvCXqiFZdx
The eyeball scanning proof of humanity strategy of @sama ‘s @worldcoin may have seemed crazy, but it’s pretty clear these kinds of threats are only going to accelerate. In related news a finance worker in Hong Kong sent $25M to thieves using deep fakes of the CFO on a video call https://t.co/d575GAtxEY
#GenAI systems have made it easier than ever to create #deepfakes and spread misinformation. With advanced #AI tech, the #2024Elections have taken on a new dimension -- and the outlook for regulation seems dim. https://t.co/Vyr0IlmFWv https://t.co/e0NVzSPjm5
Deepfake tech is being used to rapidly create convincing fake IDs, aiding criminals in areas from bank fraud to money laundering. Deepfake fraud rose 3000% last year. It's more convincing – and thus more dangerous – than ever before. And more and more uses are being found for… https://t.co/OVTeU74C6c
you cant even trust IDs in this new paradigm, KYC isnt even a good form of proof of personhood anymore lmao Crypto is the only way we can solve this problem https://t.co/JDJGa5clTG https://t.co/mYDtnskxPT
You need to see this. This is NOT a crypto problem. Every institution crypto or trad is about to face massive ID fraud because of AI. Crypto is, in fact, the only solution, b/c physical ids and pictures of them is now a garbage fire of fake (actually has been for a long time but… https://t.co/D38H8XZAov
Governments around the world are increasingly recognising deepfakes as a powerful and significant threat to democracy. South Korea have just announced a 90-day ban on deepfakes – until after their April elections are over. Convincing have been circulating of Joe Biden and Rishi… https://t.co/tkzxoEfCYv https://t.co/oB1TKY6Lef
Governments around the world are increasingly recognising deepfake political disinformation as an powerful and significant threat. South Korea have just announced a 90-day ban on deepfakes – until after their April elections are over. Deepfakes have been circulating of Joe Biden… https://t.co/HQRSOjomvy https://t.co/oB1TKY6Lef
Deepfakes, dollars and ‘deep state’ fears: Inside the minds of election officials heading into 2024. https://t.co/W21mFC1JEp (via @DerekDoesTech)
⚠️ Scammers are using Deep Fake AI to scam discords & community members... ⚠️ Listen Below... Scammers are now using Deep Fake AI to clone founders voices from twitter spaces to social engineer your team members into granting them permissions that they will use to post malicious… https://t.co/31oXS9sgf2
Deepfake CFO tricks Hong Kong biz out of $25 million https://t.co/boc2DT77LD
Australia is looking to step up penalties for online platforms that ignore takedown orders for intimate pictures, including AI “deepfakes”. FULL STORY: https://t.co/6OIjEtVcOH https://t.co/kBpiyEYk2P
Biden robocall: Audio deepfake fuels election disinformation fears. Disinformation researchers fear rampant misuse of AI-powered applications in a pivotal election year thanks to proliferating voice cloning tools https://t.co/ktTzjwl929 https://t.co/eEWiWRutSz
In the #AI #DeepFake reality that is increasingly upon us, Canada is not ready: - “Believing everyone else on the [deep fake] call was real, the [finance department] worker agreed to remit a total of $200 million Hong Kong dollars – about $25.6 million...” - “…eight stolen… https://t.co/cZhOkYg400