When the Boss on the Phone Isn’t Real: How More Than $129 Million Was Stolen Using A.I. - The New York Times

The scam involved fraudsters creating convincing voice clones of corporate leaders using AI technology. They then called employees, instructing them to transfer substantial sums of money to fraudulent accounts.

The $129 million theft represents one of the largest financial losses attributed to AI impersonation schemes to date. Companies are now facing increased pressure to implement voice verification protocols.

Security experts warn that as AI technology becomes more accessible, similar attacks may become more common. Businesses are urged to enhance their authentication measures to prevent future incidents.