It is a wonder day when AI also controls your money - $25 million gone - Page 1
Forum section: electronics / general

author: Rick Law
author_rank: Super Contributor
timestamp: February 06, 2024, 07:05:27 pm
content: I suppose it is going to happen some time, some where, now and again..."CNN — A finance worker at a multinational firm was tricked into paying out $25 million to fraudsters using deepfake technology to pose as the company’s chief financial officer in a video conference call ......multi-person video conference, it turns out that everyone [he saw] was fake...... Believing everyone else on the call was real, the worker agreed to remit a total of $200 million Hong Kong dollars – about $25.6 million, the police officer added ...... At the press briefing Friday, Hong Kong police said they had made six arrests in connection with such scams ..."Original CNN article link:https://edition.cnn.com/2024/02/04/asia/deepfake-cfo-scam-hong-kong-intl-hnk/index.html

author: ataradov
author_rank: Super Contributor
timestamp: February 06, 2024, 07:41:58 pm
content: This is a process issue. A single person signing off on a significant transfer of money based on a verbal communication only is always going to be exploitable.

author: tom66
author_rank: Super Contributor
timestamp: February 06, 2024, 07:52:21 pm
content: Quite impressive that it was pulled off. I guess the video conference aspect means you might get away with more of the uncanny valley stuff as you could lower the bitrate and create random drop outs to make it more convincing.

author: ataradov
author_rank: Super Contributor
timestamp: February 06, 2024, 08:46:50 pm
content: There is also a chance that it was an inside job. The dude provided all the information to create the fake call, then transferred the money. Next he is fired and is chilling on the beach with his share of the $25m.

author: Bud
author_rank: Super Contributor
timestamp: February 06, 2024, 10:26:33 pm
content: The CNN story itself is a deep fake.How do you know it is not?

author: SiliconWizard
author_rank: Super Contributor
timestamp: February 06, 2024, 10:44:34 pm
content: Yes, actually, how do we know that our presidents are not themselves deep fakes? Because they sure look like ones.

author: Bud
author_rank: Super Contributor
timestamp: February 06, 2024, 10:49:03 pm
content: When you see them on TV they very much can be.

author: SiliconWizard
author_rank: Super Contributor
timestamp: February 06, 2024, 11:05:49 pm
content: And with that said, as always, the thing to be scared about currently is not AI becoming independent and controlling you, but people controlling AI controlling you. This is a very real concern, and already happening.

author: EEVblog
author_rank: Unknown
timestamp: February 07, 2024, 12:21:51 am
content: Welcome to 2024

author: EPAIII
author_rank: Super Contributor
timestamp: February 07, 2024, 08:46:01 am
content: What next?

author: SiliconWizard
author_rank: Super Contributor
timestamp: February 07, 2024, 08:54:19 am
content: Quote from: EPAIII on February 07, 2024, 08:46:01 amDo you really want to know?

author: Rick Law
author_rank: Super Contributor
timestamp: February 08, 2024, 05:33:50 am
content: We already have people on-line who use filter to change how they appear in dating and social media sites. Moving to directly swindle money from the banks is but a small step.Incidences like this may actually be a good thing for now.More people need to knowthat "on the internet nobody knows you're a dog.".We are removing ourdirectinterpersonal interaction and replaced them with virtual interactions. That there is a real person at the other end or not becomes less distinguishable. We are getting closer to living in the The Matrix every day. More people need to understand the danger ofvirtualization everyone else's existence is not a good thing.Footnote: "Fake Woman"as reported in this youtube video by SERPENTZA On the Internet, nobody knows you're a doghttps://en.wikipedia.org/wiki/On_the_Internet,_nobody_knows_you%27re_a_dog

author: tszaboo
author_rank: Super Contributor
timestamp: February 08, 2024, 01:02:13 pm
content: Quote from: ataradov on February 06, 2024, 07:41:58 pmYes, if this was a real company, this one employee would have access to the crypto seed containing an entire exchange's all clients crypto, and that would be stolen. This is just regular old wire fraud. They used AI, but probably a postit note on his desk would have been enough.

author: BrianHG
author_rank: Super Contributor
timestamp: August 21, 2024, 02:36:48 pm
content: The latest quality increase is becoming insane, see here:

author: tom66
author_rank: Super Contributor
timestamp: August 21, 2024, 03:36:45 pm
content: It's going to be more and more important that people authenticate themselves through some kind of public key exchange if there is an economic risk to the information provided. I've noticed 'Teams' now has a "verified" and "unverified" status for web calls, but I'm not sure to what that actuallymeans.