French insurance company Euler Hermes recently revealed that one of its clients was victimized by thieves who used voice-mimicking software to imitate a company executive's speech and dupe one of the employees into sending hundreds of thousands of dollars to a secret account.
The managing director of a British energy company, believing he was talking to his boss, followed instructions to wire more than $240,000 to an account in Hungary.
While the director found the request "rather strange," he said the voice was so accurate that he had no choice but to comply.
Said Andrew Grotto of Stanford University’s Cyber Policy Center, “This is a technology that would have sounded exotic in the extreme 10 years ago, now being well within the range of any lay criminal who's got creativity to spare.”
From The Washington Post
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