The misuse of generative AI technology for criminal activities has escalated, with a recent incident involving a multinational company being defrauded of US$25.6 million. Thieves utilized a deepfake video call to impersonate the company's CFO and other participants, convincing a finance worker to authorize fraudulent bank transfers totaling $200 million Hong Kong dollars. Research from Gartner indicates that AI-generated deepfakes are increasingly undermining identity verification processes. This rise in deepfake fraud, which saw a 3000% increase last year, poses a significant threat to cybersecurity, with fake IDs being created and sold for as little as $15, capable of bypassing online verification checks. Governments worldwide, including South Korea, are recognizing the threat, with South Korea imposing a 90-day ban on deepfakes ahead of their April elections. The situation raises concerns for the upcoming 2024 elections and the effectiveness of 'know your customer' (KYC) protocols in finance and technology sectors.
Crypto hackers are buying AI-generated fake IDs for as little as $15 dollars. https://t.co/NdXP8cBv7K
📣 Latest News: ‘Generated' fake IDs claimed to pass crypto exchange KYC are selling for $15 #news #cryptonews #crypto
😂 literally black mirror https://t.co/fnMeofi6Qb
Explicit AI-Generated Taylor Swift Images Sourced to 4chan Message Board ‘Game’ More: https://t.co/Pf6wfTKD5P https://t.co/HugCF7J04j
An AI Took Her Clothes Off. Now a New Lawsuit Will Test Rules for Deepfake Porn https://t.co/1iiVwCt59k
Attempts to demolish guardrails in AI image generators blamed for lewd Taylor Swift deepfakes https://t.co/XgJcBZXjii
#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…
Fake IDs generated by AI for $15? Welcome to the future. (Do not buy fake AI generated IDs for $15) https://t.co/o0UM5HAynn
Generative conversational AI also empowers the dark side of AI and humanity. It can lower our defense mechanisms by making everyday transactional engagement acceptable with AI. Deep fakes will pounce on this. For example, a finance worker at a multinational firm was coaxed… https://t.co/4JK12Om0CJ
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
New from 404 Media: 4chan is now using AI to put clothes back on women they deem "undignified." It's a bizarre, and equally sexist, flip side to the nude generating deepfake apps https://t.co/qx8sP3d0wn https://t.co/ESEC7xoMLB
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 can get an AI-generated fake ID that bypasses online verification checks for $15 in five minutes https://t.co/2k8JnO3gO1
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
New: inside the underground site where "neural networks" churn out fake IDs - I tested, made two IDs in minutes - used one to successfully bypass the identity verification check on a cryptocurrency exchange - massive implications for crime, cybersecurity https://t.co/hCjHWbKJPf
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
Imagine joining a video call with your colleagues, wiring $25m… then finding out they were AI. Just 1 year ago, AI deepfakes were a joke. Now, no one’s laughing. What if AIs improve this fast at… everything? Will AIs be the new apex species? CNN: “He grew suspicious after he… https://t.co/kaJLM76wn3 https://t.co/NnM27f1pop
Deepfake CFO tricks Hong Kong biz out of $25 million https://t.co/boc2DT77LD
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
Black Mirror has arrived, ahead of schedule. An entire cast of deepfaked people tricked a CFO out of $25 million. “(In the) multi-person video conference, it turns out that everyone was fake” Deepfaked shit is getting real. https://t.co/m1iFFdPboM
AI-generated deepfakes are putting the validity of identity verification and validation at risk, research from Gartner has found. Full story 👇 https://t.co/dtIANIIas7 #Tech | #News | #AI | #Deepfakes
Binance exploited - reports of KYC data being sold
The future of cybercrime is here, and it's scary: Thieves use generative #AI to fool a multinational company exec to make US$25.6 million in fraudulent bank transfers. Scam included a fake video call in which everyone looked real, including the company CFO https://t.co/OluNqVZlzp
As those working in tech, we owe it to educate people around us on the massive fraud potential for AI. You should absolutely be distrustful of: - Video calls - Phone calls - Emails - DMs on social media Assume it could be a deepfake, even if it looks real. https://t.co/HRB02Fb8YC
Black mirror https://t.co/y6xHXsMREa