Security News > 2022 > September > Here's how crooks will use deepfakes to scam your biz

Cyber criminals are taking advantage of this easy access to resources, and using deepfakes to build on today's crime techniques, such as business email compromise, to make off with even more money, according to Trend Micro researchers.

Specifically, corporations need to worry about deepfakes, we're told, as criminals begin using them to create fake individuals, such as job seekers to scam their way into roles, or impersonate executives on video calls to hoodwink employees into transferring company funds or data.

The Binance deepfake is notable as Trend Micro says the topic of how to bypass verification using deepfakes has been a hot one on underground forums since 2021.

Trend Micro says criminals are using deepfakes for a variety of tried-and-true attack methods and scams, and the researchers expect to see more of these in the near future.

Miscreants can use deepfakes to impersonate executives or business partners to request money transfers, thus making these scams even more believable to the targeted victims.

While we've already seen deepfakes used in disinformation campaigns, notably related to the Russian invasion of Ukraine, these phony videos can also be used in extortion-related attacks - imagine fake "Evidence" being created to force organizations to pay a ransom, the researchers note.

News URL

https://go.theregister.com/feed/www.theregister.com/2022/09/28/trend_deepfake_video/