Tag: deepfake fraud

Deepfakes Desensitize Societies, Threaten Enterprise Trust

Deepfake fraud is exploding, with attempts surging 3,000% in 2023, and enterprises are getting hit hard, with average losses of nearly $500,000 per incident. The threat is all too real, with devastating examples including a $35 million loss for a multinational corporation and a $243,000 hit for a UK energy firm.