What happened: The head of the Bombay Stock Exchange was recently targeted by a deepfake attack, highlighting a rising global issue with synthetic media fraud.
Why it matters:
- Deepfake technology can be used to deceive individuals and organisations, risking financial and reputational damage.
- Such attacks threaten the integrity of financial markets and could affect investors and regulatory bodies.
MNN Take: Deepfake attacks use artificial intelligence to create convincing fake audio or video, making it harder to verify authenticity and increasing the risk of fraud.
Sources: BBC Business