Deepfake attacks will cost $40 billion by 2027
How much did deepfake incidents increase last year?
Deepfake incidents achieved a staggering 3,000% increase last year, highlighting the rapid growth of this form of adversarial AI attack2.
How are attackers focusing deepfake efforts on CEOs?
Attackers are focusing deepfake efforts on CEOs by creating highly convincing fake videos, voices, and documents to impersonate them and defraud their companies. They use AI-generated deepfakes in phishing attempts, data breaches, and payment fraud, often combining these methods for greater impact. Nation-states and cybercriminal organizations are investing heavily in generative adversarial network technologies to create more sophisticated and believable deepfakes.
What is the projected cost of deepfake-related losses by 2027?
Deepfake-related losses are projected to reach $40 billion by 2027, growing at an astonishing compound annual growth rate of 32%. This highlights the urgent need for enterprises to address the risks associated with adversarial AI attacks, especially in the banking and financial services industry, which is a primary target2.