Deepfake Scams are a Wake-up Call to Corporate Cybersecurity
Posted August 13, 2025
In January 2024, a cyber incident involving deepfake technology resulted in a finance professional at a multinational firm being manipulated into wiring more than $25 million in company funds to fraudsters. This document explains the growing threat of deepfake scams, outlines other incidents involving such technology and their ramifications, and highlights associated risk management measures for businesses to consider.