Cybercriminals Used Deepfaked Voice Of CEO To Steal 1,7 Crore

Harin - Sep 05, 2019, 4:00 pm IST


Europe-based cybercriminals have stolen around 1,7 crore from an energy company from the UK by using a deepfaked voice of the parent company’s CEO.

Europe-based cybercriminals have stolen around 1,7 crore from an energy company from the UK by using a deepfaked voice of the parent company’s CEO for money transfer authorization.

Reports stated that the cyber thieves have made use of the German CEO’s AI-generated voice to convince the CEO of the subsidiary company in the UK to transfer around 1,7 crore. The UK CEO was scammed into believing that he was speaking with his own boss and the transfer was to pay for a Hungarian supplier.

Deepfaked-Voice
The cyber thieves have used the German CEO’s AI-generated voice to convince the CEO of the subsidiary company in the UK to transfer money.

The companies involved have yet to be revealed.

The audio deepfake created using AI was convincing enough that it could fool the UK CEO, from the slight accent of his voice to the melody.

After the transfer was successfully made, the funds went to Mexico and to other countries, which make it difficult for the police to track where the money is at. Also, the police have identified any suspect yet.

Three phone calls were made in total. The first one was the money request, through which the criminals told the UK CEO that the parent company would make reimbursement within the hour. The next one was to tell the UK CEO that the parent company had already sent the reimbursement. And the final call was to ask the UK CEO for another transfer. However, the UK CEO became suspicious since he had received no reimbursement and the phone was from Austria. Therefore, he didn’t make the second transfer.

The police aren’t sure if the criminals used a chatbot to answer the questions of the UK CEO during the phone calls. But the possibility that everything could have been automated scares us as criminals seem to have found a more powerful tool to scam people.

 

Tags
Next Story

Read More

Minecraft Is Now Home To 112 Million Monthly Active Users

Features- Sep 19, 2019, 8:00 am IST

Minecraft Is Now Home To 112 Million Monthly Active Users

The spectacular performance has established Minecraft’s dominant position over other similar game titles such as Fortnite or Roblox.

Keep Yourself Away From Prying Eyes Of Google Maps With New Incognito Mode

ICT News- Sep 20, 2019, 3:00 pm IST

Keep Yourself Away From Prying Eyes Of Google Maps With New Incognito Mode

Until now, we may have to wait for quite a while to experience Google Maps' Incognito Mode.

Scientists Came Up With A Feasible Plan For An Elevator Connecting The Moon And The Earth

Features- Sep 19, 2019, 1:30 pm IST

Scientists Came Up With A Feasible Plan For An Elevator Connecting The Moon And The Earth

In their paper in August, Zephyr Penoyre and Emily Sandson, two astrophysicists details a 322,000 kilometer-long elevator connecting the two planets

Google Fi’s New Unlimited Plan: Now Available In India

ICT News- Sep 19, 2019, 2:08 pm IST

Google Fi’s New Unlimited Plan: Now Available In India

In addition to the standard service, Google Fi has presented a new plan including unlimited data, texts, and calls for a fixed amount of money every month.

Google Allows Users To Search For Specific Moments In Videos

ICT News- Sep 18, 2019, 3:00 pm IST

Google Allows Users To Search For Specific Moments In Videos

It is no secret that over the last few years, Google has been looking for a way to upgrade its search function to make it work on more than just text result

iPhone 11 India Available For Pre-Orders From September 20, Flipkart Listing Reveals

Mobile- Sep 18, 2019, 1:00 pm IST

iPhone 11 India Available For Pre-Orders From September 20, Flipkart Listing Reveals

The new iPhone 11 smartphone series is set to be available for pre-order in India from 20th September onwards, according to a Flipkart listing.