Fraudsters deepfake CEO's voice to trick manager into transferring $243,000

It's already getting tough to discern real text from fake, genuine video from deepfake. Now, it appears that use of fake voice tech is on the rise too. That's according to the Wall Street Journal, which reported the first ever case of AI-based voice fraud -- aka vishing (short for "voice phishing") -- that cost a company $243,000. Don't miss Hard Fork Summit in Amsterdam In a sign that audio deepfakes are becoming eerily accurate, criminals sought the help of commercially available voice-generating AI software to impersonate the boss of a German parent company that owns a UK-based energy firm. They then tricked the latter's chief executive into urgently wiring said funds to a Hungarian supplier in an hour, with guarantees that the transfer would be reimbursed immediately.