Voice deepfake targets bank in failed transfer scam

August 30, 2023

In spring 2023, Florida investor Clive Kabatznik fell victim to an advanced scam involving voice deepfake technology. An individual utilizing AI-generated speech, imitating Kabatznik's voice, attempted unsuccessfully to deceive his Bank of America representative into transferring funds to a different account. This incident underscores the importance of responsible AI governance and trustworthy AI practices in preventing such harm.

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Matched TAIM controls

Suggested mapping from embedding similarity (not a formal assessment). Browse all TAIM controls

MANAGE 4.3 — similarity 0.589, rank 1. TAIM detail and related incidents →
MEASURE 2.6 — similarity 0.589, rank 2. TAIM detail and related incidents →
GOVERN 2.2 — similarity 0.589, rank 3. TAIM detail and related incidents →

Alleged deployer: unknown-scammers
Alleged developer: unknown
Alleged harmed parties: clive-kabatznik, bank-of-america

Source

Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/564

Data source

Incident data is from the AI Incident Database (AIID).

When citing the database as a whole, please use:

McGregor, S. (2021) Preventing Repeated Real World AI Failures by Cataloging Incidents: The AI Incident Database. In Proceedings of the Thirty-Third Annual Conference on Innovative Applications of Artificial Intelligence (IAAI-21). Virtual Conference.

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