Fewer than 30% of business have a plan to combat deepfakes, survey finds

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Deepfakes, or AI-generated videos that take a person in an existing video and replace them with someone else’s likeness, are multiplying at an accelerating rate. According to startup Deeptrace, the number of deepfakes on the web increased 330% from October 2019 to June 2020, reaching over 50,000 at their peak. That’s troubling not only because these fakes might be used to sway opinion during an election or implicate a person in a crime, but because they’ve already been abused to generate pornographic material of actors and defraud a major energy producer.

While much of the discussion to date around deepfakes has focused on social media, pornography, and fraud, it’s worth noting that deepfakes pose a threat to people portrayed in manipulated videos and their circle of trust. As a result, deepfakes also represent an existential threat to businesses, particularly in industries that depend on digital media to make important decisions. The FBI earlier this year warned that deepfakes are a critical emerging threat targeting businesses.

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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

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, that was published in the online Wall Street Journal. 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 Mutual Insurance Company as a claims representative, and later, was the CEO of the Bermuda captive insurance subsidiary of a NYSE company. Also, he was the president of WorldPath Health, an international healthcare company.