By Anna Webb

Deepfakes are already a major threat in the corporate world, but now they put the identities of all of us at risk. Anyone could end up being faked or cloned by criminals and nefarious actors.

Alarmingly, as we have seen in the headlines, this has extended to children and vulnerable people.

The sophistication of deepfakes has enabled criminals to steal £20m from a big-name, technology-driven UK-based company through AI-created video.

In this attack, deepfakes instructed an employee to initiate a series of transfers, citing a confidential acquisition that required secrecy and speed. Impostors persuaded an employee to execute 15 separate transfers to bank accounts in Hong Kong.

In other attacks, fraudsters have used AI to clone voices for “bank break-ins” in Europe and Asia by-passing........

© LBC