As deepfake tech becomes more sophisticated, Towergate warns businesses to be prepared for a new wave in digital deception
Towergate Insurance issued a warning to businesses about the increasing risks of artificial intelligence (AI) technology and deepfake. They urged them to take proactive measures to protect themselves from fraud, reputational damage and cybercrime.
Cybercriminals are increasingly using deepfakes – highly realistic, synthetic images, videos and audio files – to impersonate people and infiltrate organizations.
Recent incidents have shown the alarming potential these technologies. Cybercriminals posed as their CFO in a video chat to trick a finance employee into transferring 25 million dollars. In another case, the deepfake voice was used to convince an employee to give out a code for multi-factor authentication.
Marc Rocker explained that the line between fake and real is dangerously blurred as artificial intelligence continues to develop at a rapid pace. This is not science fiction. It’s happening right now and businesses need to be vigilant. AI is being used both to attack and defend. The ability to differentiate between real and fake content has become a crucial part of cyber risk mitigation.
Insurance brokers encourage companies to adopt robust cyber safety protocols. These include regular employee training, AI detection tools and strong authentication procedures. Towergate also stresses the importance of comprehensive insurance coverage to minimize the financial and reputational damage caused by such attacks.
Rocker said that cyber insurance was not just about covering loss. It’s about helping companies recover and continue operating after an incident. As cybercriminals become more sophisticated, this safety net is more vital than ever.
Rocker points out that AI is being used in increasingly creative ways. For example, O2 has an “AI Grandma”, which stops scammers from calling. However, he warns against letting these innovations distract us from the real dangers.
Towergate’s Head of Cyber also highlights some of the most important signs of a fake: “Unnatural blinking, too smooth skin, inconsistent light, and pixelation surrounding facial features are all things to watch out for.” Businesses should educate their employees about these red flags, and treat any unexpected audio or video communications with caution.
The first time this post appeared was on Human Resources News.
