Re:Finance worker pays out $25M after VC with deepfake CFO
by fallingknife on Sunday February 04, 2024 @10:00AM
(#39250675)
Citigroup leaked almost a billion, and it wasn't even fraud. https://www.npr.org/transcripts/1019909860
Re:Finance worker pays out $25M after VC with deepfake CFO
by BrandoElFollito on Sunday February 04, 2024 @10:05AM
(#39250707)
Yes, but this is due to three people trying willingly to bypass the system, and probably a shitty UI. They knew what they were doing, they just did it badly.
Re:Finance worker pays out $25M after VC with deepfake CFO
by doubloon on Sunday February 04, 2024 @10:18AM
(#39250822)
Citi is one of the major foundations of the entire industry, how much of a "yes but" is involved before its standard practice. shitty UI is extremely common inside financial companies because fixing it would cost money.
Re:Finance worker pays out $25M after VC with deepfake CFO
by BobaFloutist on Sunday February 04, 2024 @12:37PM
(#39252380)
> And Citibank software is really jenky (ph), so basically the only way to
> complete the wonky transaction is to sort of momentarily trick the software into
> thinking that Revlon has repaid the entire loan.
Think I found your problem, boss.
Re:Finance worker pays out $25M after VC with deepfake CFO
by lightedman on Sunday February 04, 2024 @10:53AM
(#39251202)
"There is no way that a reasonably organized company can leak 40 MM USD. "
Oh, please, HP lost some 40 million in inventory while contracted to Solectron Global for repairs, because their inventory systems are utter garbage compared to Dell or Toshiba.
I can imagine a scan where the fake CEO gets a phone or laptop outside of the process "because CEO". This however will still be limited to generic, low value stuff handled by single people in a company.
There is no way that a reasonably organized company can leak 40 MM USD.