CYBER 101

  • Alerts
  • Blog
  • CyberDecoded
  • CyberReview
  • CyberStory
  • CyberTips
  • Domains
  • FAQ
  • Incidents
  • Tutorials

Join our newsletter

FOLLOW US

  • Cyber Citizens
  • Cyber Professionals
  • Institutions
CyberMaterial
  • Events
  • Jobs
Get Help
  • Cyber Citizens
  • Cyber Professionals
  • Institutions
CyberMaterial
  • Events
  • Jobs
Get Help
CyberMaterial

CyberStory: Cyber criminals used AI to impersonate CEO’s voice

1 min read
in CyberStory

In 2019, cyber criminals used deepfake to impersonate the voice of the CEO of a German company. and demand a fraudulent transfer of €220,000 ($243,000).

They tricked the CEO of a U.K.-based energy firm, into urgently wiring said funds to a Hungarian supplier in an hour. Later that day, the criminals made another call, again impersonating the German CEO, and asked for a second payment. He became suspicious and immediately called the authorities.

Unfortunately, the money that was transferred to the Hungarian bank account was already moved to a bank account in Mexico and distributed to other locations.

Making it harder for the authorities to trace. Several officials said that this was the first cybercrime using a voice-spoofing attack in Europe. Authorities are yet to determine the culprits behind the cybercrime operation.

Luckily, the firm was insured by Euler Hermes Group, which covered the entire cost of the payment. AI-based impersonation attacks are just the beginning of what could be major headaches for businesses and organizations in the future.

Related

Tags: AIArtificial Intelligence VideosCybermaterialCybersecurityCyberstoryDeepfakedeepfake cyberstoryDeepFake Videos
24
VIEWS
ADVERTISEMENT

Related Posts

CyberStory: Teenagers

CyberStory: Teenagers

May 20, 2022
CyberStory: College Students

CyberStory: College Students

March 14, 2022
CyberStory: A 79-year-old victim of fraud

CyberStory: A 79-year-old victim of fraud

February 3, 2022
CyberStory: The Story of Alicia Kozakiewicz

CyberStory: The Story of Alicia Kozakiewicz

January 24, 2022

More Articles

Cyber101

Threat Intelligence Lifecycle

June 28, 2022
Alerts

Dell security advisory (AV22-294)

May 27, 2022
Alerts

Palo Alto Networks Security Advisory

December 22, 2021
Tool

CCPA Toll Free

March 21, 2022

Not much spending though…

October 10, 2020
Incidents

Hackers Steal $140 Million From Users of Crypto Gaming Company

December 15, 2021
Alerts

IBM security advisory (AV22-283)

May 24, 2022

Threat Agent

February 3, 2021
Load More

Security through data

Cybersecurity Domains

  • Application Security
  • Business Continuity
  • Career Development
  • Compliance
  • Cryptography
  • Governance
  • IAM
  • Physical Security
  • More...

Emerging Technologies

  • 5G
  • Artificial Intelligence
  • AR/VR
  • Blockchain
  • Cryptocurrency
  • Deepfake
  • IoT
  • Quantum Computing
  • More...

Frameworks

  • CIS Controls
  • CISA TSS
  • FISMA
  • GDPR
  • ISO 2701/02
  • MITRE ATT&CK
  • NIST
  • NYS-DFS
  • More...

Industries

  • Automation
  • E-Commerce
  • Education
  • Fake News
  • Financial
  • Government
  • Health Care
  • Military
  • More...

Threats

  • APTs
  • DDoS
  • Insider Threat
  • Malware
  • Phishing
  • Ransomware
  • Social Engineering
  • Vulnerabilities
  • More...

© 2022 | CyberMaterial | All rights reserved.

World’s #1 Cybersecurity Repository

  • About
  • Legal and Privacy Policy
  • Site Map
Search

More...

Generic filters
Filter by Categories
Alerts
Blog
Book
Incidents
Quotes
Tutorials
Certification
Cheat Sheet
Course
Game
Meme
Movie
Paper
Podcast
Report
Software
TV Show

Try these: DDoSGDPRMalware

  • Audience
    • Cyber Citizens
    • Cyber Professionals
    • Institutions
  • Highlights
    • Blog
    • CyberDecoded
    • Cyber Review
    • CyberStory
    • CyberTips
  • Cyber Risks
    • Alerts
    • Attackers
    • Domains
    • Incidents
    • Threats
  • Opportunities
    • Events
    • Jobs
  • Repository
    • Books
    • Certifications
    • Cheat Sheets
    • Courses
    • Definitions
    • Frameworks
    • Games
    • Hardware Tools
    • Memes
    • Movies
    • Papers
    • Podcasts
    • Quotes
    • Reports
  • Report Cyber Incident
  • GET HELP

Join our newsletter

© 2022 Cybermaterial - Security Through Data .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.