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Rising AI-Powered CEO Fraud Poses New Threat to Businesses
Businesses are being cautioned about the rising prevalence of AI in executing what is known as CEO Fraud. More victims are coming forward, sharing their experiences of being targeted through generative AI techniques. In one case in Hong Kong, an AI clone was reportedly utilized during a video meeting to deceive staff, resulting in a loss of $25 million. While there are concerns regarding the emergence of AI clones, companies like Zoom suggest that we should embrace a future where your clone can represent you in meetings. Cyber correspondent Joe Tidy had engineers at Fraia AI create an AI clone of himself.
Tune in to see if he can successfully trick his colleagues with it.
Brief news summary
Companies are being cautioned about the growing threat of CEO Fraud using artificial intelligence. Victims are increasingly reporting incidents where generative AI techniques have been employed, with one notable case in Hong Kong involving an AI clone that deceived staff during a video call, leading to a loss of $25 million. While many express concerns over the dangers of AI impersonation, some companies like Zoom advocate for a future where AI clones can attend meetings on behalf of individuals. Cyber correspondent Joe Tidy has had an AI version of himself created by engineers at Fraia AI. Tune in to see if he can successfully deceive his colleagues with his AI clone.
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