Attackers use AI to impersonate CFOs in emails that trick finance teams into wiring millions to fake accounts. They study past payment patterns to make requests credible, and some invoices now ask for cryptocurrency payments. Losses have reached billions of dollars.
We're seeing an increase in most companies that we work with, AI just pushing hard, hitting up CMOs, CFOs, trying to hack their accounts, get access to data, and do sketchy stuff. We mainly see it in more the financial category. For any large company, we're just seeing people trying to get access to CFO emails and stuff like that and just start sending money because they're using AI to personalize emails to other internal teams when they hack to sound just like the CFO and be like, wire money here. And they're doing analysis of where you sent money to in the past, and they're just switching up little details and saying like, hey, wire it to Hong Kong instead of India or whatever it may be. Dude, it's kind of similar to when you get those— you get all these invoices. And so the whole idea is that you just send invoices to everyone that works at a company because the AP team will just be like, oh yeah, this looks like it's legit. And you just keep sending it. And then eventually they abuse you or they abuse someone else. And I think that's billions and billions of dollars in fraud. And we're also seeing a new trend with invoices. People are trying to start sending us invoices with numbers like crypto accounts, you know, and I'm like, what the heck? Like actual businesses. So then we had to call and verify and get all the documentation, be like, is this fraud? But yeah, things are changing fast.
