04.04.24
Deepfakes Are Coming for the Financial Sector
by: Isabella Bousquette
Financial firms using photos or audio to verify customers' identities are preparing for criminals armed with deepfakes produced by generative artificial intelligence (AI). “The ability for these models now to imitate the actual voice patterns of an individual giving instructions to somebody with the phone to do something—these sorts of risks are brand new,” said Bill Cassidy, chief information officer at New York Life. Banks and financial services providers are among the first companies to be targeted by scams using deepfakes. “This space is just moving very fast,” said Kyle Kappel, U.S. Leader for Cyber at KPMG.
Read the full article on The Wall Street Journal