Get Our Email Newsletter

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

Loss Prevention Magazine updates delivered to your inbox

Get the free daily newsletter read by thousands of loss prevention professionals, security, and retail management from the store level to the c-suite.

What's New

Digital Partners

Become a Digital Partner

Violence in the Workplace

Download this 34-page special report from Loss Prevention Magazine about types and frequency of violent incidents, impacts on employees and customers, effectiveness of tools and training, and much more.


View All | Sponsor a Webinar


View All | Submit a Whitepaper

LP Solutions

View All | Submit Your Content

Loss Prevention Media Logo

Stay up-to-date with our free email newsletter

The trusted newsletter for loss prevention professionals, security and retail management. Get the latest news, best practices, technology updates, management tips, career opportunities and more.

No, thank you.

View our privacy policy.