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An On Demand video from ID DatawebScattered Spider continues to evolve, and organizations across financial services, healthcare, insurance, telecommunications, and other sectors are strengthening defenses against increasingly sophisticated identity-driven threats.

Bank Info Security 2 years, 5 months ago

Banking Trojan Harvests Facial Biometrics for AI Deepfakes

GoldPickaxe Malware Can Record User’s Face - Use Video to Commit Deepfake ScamsA Chinese-speaking cybercrime group with the codename GoldFactory has built a new Android and iOS banking Trojan, GoldPickaxe, that can harvest and steal personal details, including biometric face profiles, that attackers use to create AI-driven deepfakes to fool bank defenses, researchers warn.

Bank Info Security 2 years, 5 months ago

Fraudsters Deepfake Entire Meeting, Swindle $25.5M

Hong Kong Company Scammed After Criminals Used Deepfake Technology to Imitate CFOFraudsters used deepfake technology to trick an employee at a Hong Kong-based multinational company to transfer $25.57 million to their bank accounts. Hong Kong Police said Sunday that the fraudsters had created deepfake likenesses of top company executives in a video conference to fool the worker.