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Criminals Use Artificial Intelligence to Steal Money in Business | Security

Criminals used artificial intelligence (AI) software to clone their voice and impersonate the CEO of a company that owns a UK energy subsidiary. According to a report published by Wall street journal Last Friday (30), the fraud generated a loss of 220 thousand (about $ 1.1 million, in direct conversion) company.

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The coup occurred in March when the fraudsters resorted to the voice-generating program to mimic the German CEO and deceive one of his subordinates, the chief executive of the UK subsidiary. The criminals called the British CEO and asked him to transfer funds to a Hungarian supplier in an hour, with the guarantee that the money would be repaid.

Criminals used artificial intelligence to imitate CEO's voice and deceive subordinate with fraudulent connection Photo: Pond5Criminals used artificial intelligence to imitate CEO's voice and deceive subordinate with fraudulent connection Photo: Pond5

Criminals used artificial intelligence to imitate CEO's voice and deceive subordinate with fraudulent connection Photo: Pond5

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Listening to the boss's German voice and accent, the executive answered the request without question. It turns out that the amount was not only repaid, as the fraudsters requested another transfer. This time, however, the British CEO suspected that something was wrong and refused to make the transaction.

Funds transferred to Hungary were passed on to accounts in Mexico and elsewhere. Competent authorities remain investigating the case but have not yet identified the suspects involved in the crime. As the energy company was insured by the Euler Hermes Group, the amount lost in the fraudulent transfer was covered. The name of the company and the parties involved were not disclosed.

The advances in artificial intelligence, capable of creating machines and software with the ability to think and act like humans, worry scientists and government entities. In December 2018, the US Congress created bills to criminalize deepfake videos, which use technology to change people's faces and put them in situations they have never experienced in real life. Increasingly accurate, the technique can have significant impacts in the political context.

Also last year, Pindrop, an information security company offering anti-fraud solutions for call centers, reported 350% growth in voice fraud between 2013 and 2017. Only in 2016 and 2017, one in 638 calls was created. artificially. Virtual assistants such as Siri and Cortana, facial recognition tools, smart cars, and worker-performing robots are also examples of artificial intelligence applications.

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