In 2023, an Asian multinational lost $35 million after a finance executive was duped by a video call featuring a deepfaked CFO. The technology behind the scamThe contextThe bigger pictureCorporate defences are unprepared: Traditional cybersecurity focuses on code and networks, not human perception. Legal frameworks lag: The UK, EU, and US are only beginning to draft legislation for labelling or watermarking synthetic media. AI companies are conflicted: The same technologies that power creative tools and customer service bots are also enabling sophisticated fraud. I couldn’t tell the difference,” she said.

Source: The Times October 22, 2025 05:36 UTC