3 Charged in Scheme to Use AI to Impersonate CEOs and Attorneys to Steal $129 Million

SecurityWeek · By Associated Press · 14h ago

The Brief

Three suspects were charged in a scheme that used AI to impersonate CEOs and attorneys.
The scheme reportedly stole about $129 million, with sources also citing more than $100 million in CEO-impersonation fraud.
The U.S. is working on extraditing three suspects from Europe, per The Record.

Why it matters

Real-time AI impersonation of executives is being used to defraud corporate accounting departments, so finance teams should verify payment requests through independent channels.

Who’s affected

Corporate accounting and finance departments
Companies exposed to CEO-impersonation fraud

What to do

Verify payment or wire requests from executives through a separate, pre-established channel before acting on them.

#ai
#fraud
#social-engineering
#impersonation
#cybercrime

The trio, who have nicknames that include “Rocky Balboa,” “Superman Cash” and “Fat Boy,” often targeted the companies’ accounting departments. The post 3 Charged in Scheme to Use AI to Impersonate CEOs and Attorneys to Steal $129 Million appeared first on SecurityWeek .

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