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    Home » Latest News » 1 in 3 Businesses Targeted By Deepfake Scams
    Deepfake Scams
    Deepfake Scams
    Business & Finance

    1 in 3 Businesses Targeted By Deepfake Scams

    Sam AllcockBy Sam Allcock21/06/2024Updated:24/07/2024

    Expert Gives You Strategies to Detect and Combat Deepfake Attacks

    A staggering 1 out of every 3 businesses have fallen victim to deepfake frauds according to a 2023 report. With deepfake technology becoming increasingly advanced and accessible, it’s imperative for businesses to arm themselves with knowledge to safeguard against this pervasive threat.

    Trevor Cooke, the online privacy expert at EarthWeb, offers expert guidance on defence strategies.

    Deepfake Scams Pose a Growing Threat to Businesses

    From impersonating executives to fabricating endorsements, these deepfake scams can wreak havoc on a company’s reputation and financial stability. Using them, scammers can impersonate high level employees to give bogus orders, or create fake marketing materials encouraging customers to call scam phone numbers or send money to scammer’s bank accounts. As deepfake technology continues to evolve, the risks posed to businesses only intensify.

    Key Tips to Help Organisations Protect Themselves

    Educate Employees: Trevor advises, ‘One of the best things you can do is to train staff members to recognize the signs of deepfake content, such as inconsistencies in speech patterns or unnatural movements in videos. Encourage scepticism and caution when interacting with unfamiliar or suspicious communications.’

    Implement Authentication Measures: Utilise multi-factor authentication and encryption protocols to secure sensitive information and prevent unauthorised access to company systems and accounts.

    Verify Identities: Establish clear verification procedures for verifying the identities of individuals in digital communications, especially those involving sensitive transactions or requests for financial information. Trevor says, ‘This can include establishing a password or phrase to verify another employee’s identity, or using password-protected and secure software to hand over or discuss sensitive information.’ Never give out any sensitive information by email, text, or a messaging service. If you can, communicate face-to-face so you can be absolutely sure of who you’re speaking to.

    Stay Informed: Keep abreast of emerging trends and developments in deepfake technology and cybersecurity so you know what new tricks scammers are using. Regularly update security protocols and policies to adapt to evolving threats.

    Invest in Detection Tools: Consider investing in advanced AI-powered detection tools that can identify and flag potential instances of deepfake content before they cause harm.

    Also Read : +44 20 3322 2305

    Guarding Against the Deepfake Threat

    Trevor says, ‘The proliferation of deep fake scams poses a significant threat to businesses worldwide. As deepfake technology becomes more sophisticated and accessible, it’s crucial for organisations to remain vigilant and proactive in defending against these fraudulent schemes.’

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