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#6 CyberScoop general November 06, 2026 at 17:20 UTC

Authorities accuse trio of using AI deepfakes to defraud $129M from businesses

By Matt Kapko

AI Summary

Three suspects face charges for using AI-generated deepfakes to impersonate CEOs and lawyers, defrauding businesses of $129 million by tricking accounting staff into authorizing large wire transfers. US authorities are pursuing extradition from Europe in what represents one of the larger AI-assisted business email compromise cases prosecuted to date.

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