How to safeguard your business from AI-generated deepfakes 

Recently, cybercriminals used ‘deepfake’ videos of the executives of a multinational company to convince the company’s Hong Kong-based employees to wire out US $25.6 million. Based on a video conference call featuring multiple deepfakes, the employees believed that their UK-based chief financial officer had requested that the funds be transferred. Police have reportedly arrested six people in connection with the scam. This use of AI technology is dangerous and manipulative. Without...

Wozniak warns AI will power next-gen scams

steve wozniak ai scams artificial intelligence fraud

Apple co-founder Steve Wozniak has raised concerns over the potential misuse of AI-powered tools by cybercriminals to create convincing online scams. 

Wozniak fears that AI will fall into the wrong hands and lead to increased scams and more difficult-to-spot online fraud.

The renowned engineer has called for the regulation of AI technology to limit its use by bad players who are willing to trick people about their identity and deceive them to obtain sensitive...