AI Deepfakes Drove 40% of High-Value Crypto Fraud Last Year: Report

TL;DR


Summary:
- The article discusses how AI-powered deepfakes are being used to commit high-value fraud, according to a report.
- Deepfakes, which are realistic-looking fake videos or audio, are being used to impersonate executives and trick companies into transferring large sums of money.
- The report highlights the growing threat of deepfake technology being exploited for financial gain, and the importance of developing better detection methods to combat this type of fraud.

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