Three essential steps for organizations to protect themselves against deepfakes

Our identity is facing an unprecedented threat. While AI has the potential to be a force for good, in the hands of nefarious actors it can have the opposite effect, exacerbating these dangers. These threats include deepfakes: synthetic media used to impersonate real individuals. Over the past year, these fraudulent impersonations have increased dramatically and are targeting individuals on various platforms. As deepfakes become more convincing, cybercriminals are finding new ways to exploit them, posing serious risks to personal and organizational security.

Although deepfakes have been circulating online since 2017, their impact has recently escalated. Initially used to impersonate celebrities and public figures, deepfakes have now become more personalized and target senior executives in virtually every sector – from retail to healthcare. One notable case involved a finance worker who was duped into transferring an astonishing £20 million to fraudsters who used a deepfake video to pose as the company’s chief financial officer.