Law firms are no stranger to phishing schemes. Just ask Ostroff Injury Law in Philadelphia, which almost forked over $100,000 in settlement funds to a scammer leveraging a fake Facebook page and a non-existent dog bite.
Now, even a phone call from the boss could be a cause for suspicion. The Wall Street Journal published a report in late August about a bad actor who used AI voice technology to create a “deepfake” impersonation of a high-ranking executive at a U.K.-based energy firm directing the company’s CEO to transfer approximately $243,000 to a Hungarian bank account.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]