Day: November 19, 2024

FinCEN Issues Urgent Alert on Rising Deepfake Fraud Schemes Targeting Financial Institutions 

Deepfakes are not a new phenomenon, but their increasing use in sophisticated fraud schemes has prompted the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) to issue a critical alert. This development underscores a troubling rise in incidents where generative AI-powered deepfakes are being weaponized against financial institutions and their customers. The alert […]