CFO deepfaked, company defrauded of $25 million

Phishing and deepfakes will obviously become an even larger problem. Case in point, a $25 million transfer after everyone, including the CFO, on the confirmation call was a deepfake.

This should lead to a lot of work going into digital banking and payments security. Otherwise both companies and individuals will end being defrauded of a lot of their money.

Author: Henrik Torstensson

Partner at Alliance VC. Investing in Nordic early-stage tech startups.

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