Home / Crime and Justice / AI Thieves Mimic CEOs for Millions
AI Thieves Mimic CEOs for Millions
9 Nov
Summary
- Generative AI used to impersonate executives and lawyers.
- Over $129 million stolen from companies globally.
- Deepfake video calls also deployed in sophisticated scams.
A sophisticated scheme leveraging generative artificial intelligence to impersonate chief executives and lawyers has defrauded companies of over $129 million. Federal indictments allege that three individuals used AI to mimic voices, convincing employees to make urgent wire transfers. This tactic was employed over approximately 18 months, beginning in July 2024.
One notable incident involved a regional hospital system in Missouri, which lost $4.8 million after an accountant recognized the AI-generated voice of the organization's CEO. Prosecutors reported that attempts were also made to use deepfake technology for video calls to further the deception. Companies across the United States and Europe fell victim to these high-tech heists.
