{"id":142539,"date":"2021-10-23T20:00:03","date_gmt":"2021-10-23T20:00:03","guid":{"rendered":"https:\/\/precoinnews.com\/?p=142539"},"modified":"2021-10-23T20:00:03","modified_gmt":"2021-10-23T20:00:03","slug":"robbers-steal-25m-by-deepfaking-boss-voice-to-fool-bank-manager","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/world-news\/robbers-steal-25m-by-deepfaking-boss-voice-to-fool-bank-manager\/","title":{"rendered":"Robbers steal \u00a325m by deepfaking boss’ voice to fool bank manager"},"content":{"rendered":"

Fraudsters have used a \u2018deep faked\u2019 voice of a company executive to fool a bank manager to scam him out of up to \u00a325 million. <\/p>\n

Deepfakes \u2013 the artificial-intelligence derived technique of mapping one dance onto another \u2013 have been causing concerns for some time now.<\/p>\n

Artificially intelligent tech used for creating deepfakes is famous for creating the de-ageing Luke Skywalker or making Tom Cruise pick fights with Justin Bieber but is now being used to aid cybercriminals with serious heists. <\/p>\n

According to Futurism.com, criminals used AI voice cloning to steal $35 million from a United Arab Emirates bank in early 2020.<\/p>\n

The scammers used a manipulated voice of a company executive to fool a bank manager into transferring millions to them.<\/p>\n

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Posing as the boss, the scammers said his company was about to make an acquisition and needed the money.<\/p>\n

The bank manager had allegedly worked with the executive they contacted who recognised the voice and authorised the transfer straight into the accounts of the criminals.<\/p>\n

According to a court document unearthed by Forbes<\/i>, the stolen cash went into US-based accounts held by Centennial Bank.<\/p>\n

The United Arab Emirates, which is investigating the heist, believes it was an elaborate scheme, involving at least 17 individuals, which sent the money to bank accounts around the world. <\/p>\n

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