Fraudsters use AI voice manipulation to steal £200,000

Cyber criminals have used artificial intelligence (AI) and voice technology to impersonate a UK business owner, resulting in the fraudulent transfer of $243,000 (£201,000).

In March this year, what is believed to be an unknown hacker group is said to have exploited AI-powered software to mimic the prominent business leader’s voice to fool his subordinate, the CEO of a UK-based energy subsidiary, according to the Wall Street Journal (WSJ).

The hackers were then able to convince the CEO to carry out transactions in the guise of urgent funds destined for its German parent company.

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Source: ITPro