Trio uses AI deepfakes to defraud $129M from businesses
Original title: Authorities accuse trio of using AI deepfakes to defraud $129M from businesses
Three men impersonated CEOs and lawyers with AI to trick companies into sending $129 million in wire transfers between 2024 and 2026.
Jacob Soall, Sharon Hazan and Guy Sheetrit allegedly used AI to impersonate the voices and images of chief executive officers at companies and lawyers at major international law firms. The trio targeted thousands of victims between July 2024 and February 2026. Victims include a U.K.-based financial tech company that lost almost $11.6 million and others. The men were arrested and charged with conspiracy to commit wire fraud, wire fraud, aggravated identity theft, money laundering conspiracy and money laundering.
- Scheme defrauded companies of at least $129 million
- Targets accounting staff at victim companies
- Funds sent to accounts in multiple countries
- Arrested in Spain and UK
Impact: wire transfers defrauding companies of $129 million
From the original article
4 min read at cyberscoop.com
The middle-aged men allegedly targeted accounting staff at victim companies and impersonated CEOs and lawyers to trick victims into sending large wire transfers. The post Authorities accuse trio of using AI deepfakes to defraud $129M from businesses appeared first on CyberScoop.
By Matt Kapko · cyberscoop.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.