Millionaire Deepfake Heist Signals Need for Improved Enterprise Risk Management – This Is How a Canadian Company Is Tackling the Issue

A sobering reminder of #AI dangers emerged recently when a deepfake video scam cost a multinational company $25 million. Scammers created fake video conference calls where digitally altered videos of the company’s CFO and other executives ordered employees to transfer funds. This represents the first known case of #Deepfakes enabling financial fraud with millions in damages – an unsettling milestone. (CSE: $PACT) (OTC: $IPTNF)