$25 Million AI Deep Fake Fraud

A finance worker joined a video call with his CFO and several colleagues. He recognised every face and every voice, so he followed their instructions and transferred twenty five million dollars. Every person on that call, except him, was a deepfake. This is the story of the Arup deepfake heist, one of the largest AI-powered frauds ever reported. We break down exactly how it happened, the one word that explains the attack (synthetic media), and the three simple controls that would have stopped it before the money moved. Nothing was hacked. The attackers did not break the technology. They broke the trust. And this will not be the last time. If you want to understand AI governance through real incidents, not jargon, this channel is for you. Subscribe for a new AI incident every week. #AIGovernance #Deepfakes #ArtificialIntelligence #CyberSecurity #AIfraud ━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⏰ AI Governance Certifications ━━━━━━━━━━━━━━━━━━━━━━━━━━━ ✅ ISO 42001 Lead Implementer & Lead Auditor 👉 https://gaicc.org/iso-iec-42001-courses/ ✅ GAICC Certified Professional in AI Governance (CPAIG) 👉 https://gaicc.org/certified-professio... ━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⏰ Video Chapters ━━━━━━━━━━━━━━━━━━━━━━━━━━━ 00:00 Introduction 00:30 Meet Latha: AI Governance & Incident Reports 00:51 The Setup: A Suspicious Email in Hong Kong 01:16 The Video Call That Fooled Him 01:36 Deepfake: What Is Synthetic Media? 02:32 The Cost: $25 Million Gone 03:10 Five Controls That Could Have Stopped It 04:50 Summary