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How thieves stole more than $188m using a deepfake AI boss

The Australian Financial Review (AFR) •
November 12, 2026 • 02:09 AM
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A federal indictment alleges that three men used generative artificial intelligence to impersonate voices of CEOs and lawyers to defraud companies of millions of dollars.

How thieves stole more than $188m using a deepfake AI boss

An accountant at a regional hospital system in Missouri answering the phone recognised the voice on the other end as that of the organisation’s chief executive.

There was an urgent matter that required confidentiality and an immediate wire transfer, the caller said. A lawyer then quickly followed up to complete the transaction.

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