If you think fake emails from the CEO asking for an urgent wire transfer are bad...
The Era of AI-Driven Security Attacks Is Here We've all been inundated with warnings about phishing and spear-phishing attacks. These convincing email and text message scams are easily concocted and often succeed in deceiving users, thereby jeopardizing both their personal security and their companies' integrity. While many of us have grown adept at recognizing and avoiding these threats, a new menace looms on the horizon. Picture this: you're in a virtual meeting with your boss, and they request that you click on a link to read an article, send a file to a client, or perform some other task. Without hesitation, you comply, only to realize later that it wasn't your boss at all. You've fallen prey to a sophisticated form of spear phishing known as an AI-generated deep fake attack. Although deep fakes have been in existence for some time, advancements in technology have made them more accessible and cost-effective than ever before. Microsoft's new VASA-1 framework, for instance, can produce remarkably convincing deep fakes using nothing more than a photograph and a short audio snippet. Consequently, you don't need to be a high-profile individual like a presidential candidate or a corporate executive to become a prime target. Regrettably, this isn't a hypothetical scenario reserved for the distant future. Scammers have already exploited deep fakes in a brazen scheme involving a conference call where multiple videos and voices, including those of the company's CFO, were impersonated. The result? A staggering $25 million stolen from a multinational company. It's imperative that we acknowledge the impact of AI on our security landscape. Investing in employee education and implementing robust processes are among the most effective measures we can take to combat the onslaught of AI-driven threats that loom on the horizon. Stay vigilant and stay safe! A special acknowledgment goes to Jason Yee for spearheading MD7's recent security exercise on this critical issue. Outstanding work, Jason! #MD7 #AI #Security
Thank you Jason Yee! You always bring great insight! We are grateful for you!!
Great Advice!
General Counsel, MD7 + President, WWLF || Connecting People
4moMany thanks to Jason Yee for his continued creativity and research in supporting our security efforts at MD7.