Voice Mimicking Software Used in $240K Theft

Voice mimicking software imitated a company executive’s speech and tricked an employee into sending hundreds of thousands of dollars to a secret account, The Washington Post reported Wednesday.

The managing director of a British energy company, believing that his boss was on the phone, wired more than $240,000 to an account in Hungary this March, French insurance company Euler Hermes told the outlet. The insurer declined to name the company. The managing director told the Post in an email that the request was “rather strange,” but the voice was lifelike to the point that he felt he had no choice but to fulfill the request.

Voice synthesis software is an increasing threat to anything that relies on traditional communication, from business deals to discussions between lawmakers. Together with videos created by artificial intelligence, the potential of “deepfakes” to erode trust in public institutions has… The Hill

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