Deepfakes Scams Hit the WorkPlace

Deepfakes have virtually become a staple in news and social media over the past months, infiltrating the political scene. While that is no longer novel, deepfakes are beginning to pop up in other places that are hitting a bit closer to home, particularly in workplaces worldwide.

Perhaps you’ve heard about a Hong Kong executive who fraudulently wired $25M on the basis of a deepfake video purporting to be his boss. It turns out British engineering firm Arup was the victim of this intrinsic scam. A similar scam nearly re-occured recently at exotic car maker, Ferrari, with a Deepfake of the company CEO. Luckily this attempt was foiled by the shrewd would-be victims asking the scammers personal questions for verification. Finally, a Cybersecurity firm recently and unknowingly hired a North Korean cybercriminal that used generative AI deepfake tools to fake his identity. Luckily, his subsequent behavior alerted management to terminate him before any damage could be done.

What’s become clear from these examples is that deepfakes are now a threat for all businesses small and large. Action is needed to counter that threat with AI-based deepfake detection tools and the time is now. If you want to learn more about how businesses can protect themselves against this cyber threat, you’ve come to the right place.

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Nicos Vekiarides

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Attestiv provides authenticity and validation for digital photos, videos and documents using patented tamper-proofing blockchain technology and AI analysis. 

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Nicos Vekiarides

Nicos Vekiarides

Nicos Vekiarides is the Chief Executive Officer & co-founder of Attestiv. He has spent the past 20+ years in enterprise IT and cloud, as a CEO & entrepreneur, bringing innovative new technologies to market. His previous startup, TwinStrata, an innovative cloud storage company where he pioneered cloud-integrated storage for the enterprise, was acquired by EMC in 2014. Before that, he brought to market the industry’s first storage virtualization appliance for StorageApps, a company later acquired by HP.

Nicos holds 6 technology patents in storage, networking and cloud technology and has published numerous articles on new technologies. Nicos is a partner at Mentors Fund, an early-stage venture fund, a mentor at Founder Institute Boston, where he coaches first-time entrepreneurs, and an advisor to several companies. Nicos holds degrees from MIT and Carnegie Mellon University.

Mark Morley

Mark Morley is the Chief Operating Officer of Attestiv.

He received his formative Data Integrity training at Deloitte. Served as the CFO of Iomega (NYSE), the international manufacturer of Zip storage devices, at the time,  the second fastest-growing public company in the U.S.. He served as the CFO of Encore Computer (NASDAQ) as it grew from Revenue of $2 million to over $200 million. During “Desert Storm”, Mark was required to hold the highest U.S. and NATO clearances.

Mark authored a seminal article on Data Integrity online (Wall Street Journal Online). Additionally, he served as EVP, General Counsel and CFO at Digital Guardian, a high-growth cybersecurity company.

Earlier in his career, he worked at an independent insurance agency, Amica as a claims representative, and was the CEO of the captive insurance subsidiary of a NYSE company.

He obtained Bachelor (Economics) and Doctor of Law degrees from Boston College and is a graduate of Harvard Business School.