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Deepfake fraud has cost the financial sector an average of over $603,000 per company, significantly higher than the global average loss of $450,000. A survey revealed that 23 financial organizations reported losses exceeding $1 million, with fintech firms particularly affected. The study highlights a concerning gap between organizations' confidence in detecting deepfakes and their actual financial losses, emphasizing the need for improved defenses against this evolving threat.
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deepfake fraud costs financial sector over six hundred thousand dollars per company
08:06 31.10.2024
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