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A CFO lost $25 million to deepfake phishing when AI-generated personas convinced him to wire the money. Eric Siu explains why these attacks are a new level of social engineering and how blockchain identity verification might stop them.
A CFO lost $25 million to deepfake phishing when AI-generated personas convinced him to wire the money. Eric Siu explains why these attacks are a new level of social engineering and how blockchain identity verification might stop them.
An entire cast of deepfake people tricked a CFO out of $25 million. That's crazy, right? Because a CFO, like, if he was tricked out of $25 million, what else is going to happen? I see like these random phishing attacks, but we're getting to the next level now. And this is where I think blockchain actually comes into play. You want to talk about protecting your identity, you want to talk about verification and all that, because we're going to see a lot more of these deepfakes. Hopefully you don't lose $25 million. Hopefully I don't lose $25 million.
