United States Reported Less Data Breaches in 2020 but with much more Expensive Successful Hacker Attacks
According to the annual report of the Identity Theft Resource Center (ITRC), 1,108 cyber incidents were reported in 2020 and the number casualties from these incidents was close to 301 million people, a drop of 66% over the previous year.
The social engineering technique of impersonation also helped attackers reap massive profits:
The volume of business fraud and hacking by corporate e-mail systems (BECs) reported to the FBI in 2020 was US$ 1.8 Billion – a figure that reflects half of all cyber damage in monetary terms.
“The trend away from mass data breaches and toward more precise and sophisticated cyberattacks doesn’t mean businesses can relax. Just the opposite. They need to learn whole new ways of protecting their data.”
– James E. Lee, ITRC COO
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How LastPass Thwarted a Deepfake CEO Scam – And What It Means for Your Business
🚨 LastPass Foils Deepfake CEO Scam – Here’s How
In April 2024, a LastPass employee received a series of messages – including calls, texts, and a voicemail – featuring an AI-generated voice impersonating CEO Karim Toubba. The attacker used WhatsApp, an unconventional communication channel for the company, to create a sense of urgency.
Fortunately, the employee recognized the red flags:
The use of WhatsApp, not a standard business communication tool.
The forced urgency in the messages.
The unusual nature of the request.
Suspicious of the authenticity, the employee ignored the messages and reported the incident to the internal security team. As a result, the company suffered no impact from the attack.
This incident underscores the growing threat of AI-powered deepfake scams. Deepfakes use generative AI to create realistic audio and video impersonations, making it increasingly difficult to distinguish between legitimate and fraudulent communications. Such attacks are not limited to high-profile targets; they can affect businesses of all sizes.
At AUMINT.io, we specialize in helping businesses defend against evolving cyber threats, including deepfake scams. Our solutions are designed to detect and mitigate risks associated with AI-driven attacks, ensuring the security of your organization’s sensitive information.
Don’t wait until it’s too late – Schedule a consultation with AUMINT.io today to fortify your defenses against emerging cyber threats.
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How Ferrari Dodged a Deepfake Scam – And What Your Business Can Learn
🔐 Ferrari Foils Deepfake Scam with One Question
In July 2024, a Ferrari executive received WhatsApp messages that appeared to be from CEO Benedetto Vigna, discussing a confidential acquisition and urging immediate action.
Despite the convincing nature of the messages, the executive grew suspicious due to the unfamiliar number and slight inconsistencies in the tone of the voice during a follow-up call.
Sensing that something was amiss, the executive asked the caller a question that only Vigna would know the answer to – the title of a book Vigna had recommended days earlier. Unable to answer the question, the scammer abruptly ended the call.
This incident underscores the growing threat of AI-driven deepfake scams targeting businesses.
At AUMINT.io, we specialize in providing cutting-edge solutions to detect and prevent AI-driven cyber threats.
Don’t wait until it’s too late – Schedule a consultation with AUMINT.io today to fortify your defenses against emerging cyber threats.
#CyberSecurity #Deepfake #AIThreats #BusinessProtection #AUMINT
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