This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
09/03/2019
Criminals Use Voice AI To Steal Money
PYMNTS.com
Cybercriminals impersonated the voice of an energy company’s chief executive and demanded an urgent transfer of $243,000 – and it worked, according to a report by The Wall Street Journal.
Cybercrime experts are calling it one of the most unusual crimes ever perpetrated using artificial intelligence (AI). The CEO of the company reportedly thought he was speaking on the phone with the chief executive of the energy firm’s parent company, who asked him to send the money to a supplier in Hungary.
The person on the line made the request sound extremely urgent, saying the money needed to be transferred within an hour. The names of the company and the parties involved were not reported.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information