Dubai USD 35m voice cloning heist
Occurred: October 2021
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According to a new Forbes report, Dubai investigators have discovered an elaborate scam in which deepfake technology was used to clone the voice of a company director and defraud his company of USD 35 million.
About to make an acquisition, the company needed its bank to authorise a series of transfers. A bank employee was fooled by the deepfaked voice into authorising the transfer of the cash, believing it was a legitimate business transaction.
UAE authorities reckon the scheme involved at least 17 people. It is the second known case of fraudsters using deep voice tools to carry out a heist, and much the largest.
Operator: Anonymous/pseudonymous
Developer: Anonymous/pseudonymous
Country: UAE/Dubai
Sector: Banking/financial services
Purpose: Defraud
Technology: Deepfake - audio; Generative adversarial network (GAN); Neural network; Deep learning; Machine learning
Issue: Ethics; Security
Transparency: Governance
Legal, regulatory
News, commentary, analysis
https://screenrant.com/ai-deepfake-cloned-voice-bank-scam-theft-millions/
https://www.unite.ai/deepfaked-voice-enabled-35-million-bank-heist-in-2020/
https://gizmodo.com/bank-robbers-in-the-middle-east-reportedly-cloned-someo-1847863805
https://www.unite.ai/deepfaked-voice-enabled-35-million-bank-heist-in-2020/
Page info
Type: Incident
Published: October 2021