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Privacy Files

Deepfakes, AI and Accounting Fraud

Apr 12, 2024
Naomi Rule, Anonyome Labs CFO, discusses the rise of deepfakes and AI impacting accounting fraud. Topics include real-time deepfakes, fraud detection, preparing for realistic deepfakes, AI's positive impact, and the importance of staying ahead of AI developments in corporate finance.
44:06

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Quick takeaways

  • Deepfakes pose a serious threat to personal and corporate identities, urging companies to enhance security measures.
  • Finance teams must implement dual approval processes and enhanced fraud prevention policies to combat rising cyber fraud incidents.

Deep dives

Implications of Deep-Fake Technology

Deep fake technology poses significant risks in altering personal and corporate identities, challenging businesses to adapt to heightened privacy concerns. Instances of fraudulent transactions, such as a finance employee instructed to transfer $25.6 million due to a deep-fake CFO, highlight the urgent need for improved security measures and employee training to combat evolving cyber threats.

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