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AI deepfake fraud

Stop AI Deepfake Fraud with Eftsure

With the arrival of generative artificial intelligence (AI), AI-enabled deepfake fraud has become a realistic threat to finance teams. Fraudsters exploit AI technology to create highly convincing fake videos and audio, impersonating executives, vendors, or other trusted individuals on Zoom and Teams calls. This can lead to significant financial losses, damaged reputations, and disrupted operations. Eftsure is here to safeguard your business from these sophisticated scams with our advanced, real-time verification solution.

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Understanding AI Deepfake Fraud

AI deepfake fraud involves cybercriminals using artificial intelligence to create realistic fake videos or audio recordings. These deepfakes can be used to impersonate trusted individuals, convincing employees to transfer funds or share sensitive information. The consequences can be devastating, including:

  • Financial losses: Funds transferred based on fraudulent instructions are often unrecoverable.
  • Operational disruption: Rectifying a deepfake fraud incident can divert resources and disrupt business operations.
  • Reputation damage: Falling victim to deepfake fraud can harm your business's reputation with customers and partners.

 

How Eftsure Prevents AI Deepfake Fraud

Eftsure offers a comprehensive solution to prevent funds lost due to AI deepfake fraud by verifying vendor transactions before any payments are made. Here's how Eftsure works:

  1. Real-time verification: Eftsure continuously monitors and verifies the details of bank account information against our extensive database. Any discrepancies are flagged immediately, ensuring that actions are only taken based on verified information.
  2. Secure vendor onboarding portal: Eftsure secures payments by verifying bank details of vendors when they are new to an organization or are changing their bank details. This ensures that any fraudulent payment instructions or requests – whether facilitated through deepfaked media or other means – are stopped at the point of payment.
  3. Continuous monitoring: Eftsure continuously updates and monitors information, its database monitors payments between many customers and suppliers and flags potential fraudulent transactions through every step of the procure-to-pay process. Our system analyzes transactions to ensure they are legitimate and not affected by any deepfake fraud.

 

Benefits of Using Eftsure

Implementing Eftsure's verification solution offers numerous benefits:

Enhanced Security

Protect your business from the financial and reputational damage caused by AI deepfake fraud.

Increased Efficiency

Streamline your processes with real-time verification and automated checks, eliminating the need for time-consuming manual verifications.

Peace of Mind

It can be increasingly difficult to detect deepfake fraud. But, with Eftsure’s payment protection, you can rest assured that your transactions are secure.

FAQs

AI deepfake fraud involves the use of artificial intelligence to create highly convincing fake videos or audio recordings that impersonate trusted individuals. These deepfakes can be used to deceive employees into transferring funds or sharing sensitive information.

Eftsure prevents AI deepfake fraud by providing real-time transactions. Accounts payable teams get access to a trusted third-party source of truth before making payments. This will ensure that any instructions or requests received from deepfake communication is being ignored and only payments to legitimate vendors are being made.

Signs of a deepfake fraud attempt may include unusual requests for fund transfers, unexpected changes in payment details, or inconsistencies in the behavior or language of the supposed sender. Eftsure's system helps detect these anomalies and flags suspicious activities.

In addition to using Eftsure's verification solution, businesses can protect themselves by:

  • Implementing robust cybersecurity measures.
  • Training employees to recognize and report suspicious activities.
  • Establishing clear protocols for verifying fund transfer and bank account change requests
  • Regularly updating and monitoring communication and security systems.

Yes. In addition to preventing AI deepfake fraud, Eftsure also offers solutions to protect against vendor email compromise (VEC), payment fraud, and other types of cyber threats. Our comprehensive verification system helps secure your business's financial transactions and communications.

Eftsure's advanced technology and dedicated fraud investigation team provide unparalleled protection against AI deepfake fraud. Our solution is already trusted by over 2,000 businesses to secure their financial transactions.

 

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