Three Charged in AI Scheme to Impersonate CEOs and Attorneys to Steal $129 Million
Original title: 3 Charged in Scheme to Use AI to Impersonate CEOs and Attorneys to Steal $129 Million
Defendants used AI to mimic CEO voices and images in calls to authorize large wire transfers to foreign banks.
Three people accused of using artificial intelligence to impersonate corporate executives and attorneys to steal about $129 million have been indicted on charges of wire fraud and aggravated identity theft. The group targeted thousands of companies worldwide including hospital systems, a bank, a fintech company, a mutual fund and a pet food company. The defendants faced additional charges of money laundering and were arrested between June and September.
- The defendants targeted accounting departments via CEO impersonation emails and AI voice calls.
- Soall mainly impersonated UK attorneys using a handwritten script.
- Funds were converted to cryptocurrency to conceal origins.
- Each defendant faces up to 20 years for wire fraud and money laundering.
Impact: unauthorized wire transfers of $129 million
From the original article
2 min read at securityweek.com
The trio, who have nicknames that include “Rocky Balboa,” “Superman Cash” and “Fat Boy,” often targeted the companies’ accounting departments. The post 3 Charged in Scheme to Use AI to Impersonate CEOs and Attorneys to Steal $129 Million appeared first on SecurityWeek.
By Associated Press · securityweek.com
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