Industry News Archives - Page 3 of 3

An artificial-intelligence first: Voice-mimicking software reportedly used in a major theft

Thieves used voice-mimicking software to imitate a company executive’s speech and dupe his subordinate into sending hundreds of thousands of dollars to a secret account, the company’s insurer said, in a remarkable case that some researchers are calling one of the world’s first publicly reported artificial-intelligence heists. The managing director of a British energy company, … Continue reading “An artificial-intelligence first: Voice-mimicking software reportedly used in a major theft”

Funds Transfer Fraud through Computer Hacking

Computer Hacking is a growing risk facing businesses today. We hear about it in the news almost daily. From an insurance and loss perspective, we have seen one unique trend over the last 6 months. Each scenario has varied slightly from the last, but the fact pattern is essentially the same. Hackers are penetrating business networks. … Continue reading “Funds Transfer Fraud through Computer Hacking”