X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Cyber hackers use AI. Artificial intelligence is providing hackers with a new set of tools to fool companies into transferring money to bogus bank accounts. (Photo: Shutterstock)

“We should be very careful about artificial intelligence… With artificial intelligence, we’re summoning the demon.” — Elon Musk at MIT’s AeroAstro Centennial Symposium

As technology progresses, new risks and opportunities for fraud escalate. We’ve seen “deepfake” videos, where images of celebrities or politicians are manipulated to say or do things they never did. A deepfake is a technique for human image synthesis based on artificial intelligence (AI). Initially considered an “image” application, deepfakes have now been utilized for voice mimicry. This year marked the first reported incident of an AI-generated voice deepfake used to commit a major fraud.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.