Financial Losses from Deepfake Fraud Surge, Report Shows

 A new report reveals that 92% of companies have suffered financial losses due to deepfake fraud, with increasing attempts in both audio and video formats. The average cost per fraud attempt is nearly $450,000, with fintech companies experiencing even higher losses. Despite this, many businesses remain underprepared, often underestimating the threat. Awareness of the issue is growing, and collaboration between CFOs and CIOs is seen as key to improving defenses against such attacks

https://www.cfo.com/news/most-companies-have-experienced-financial-loss-due-to-a-deepfake-regula-report/732094/

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