08/01/2026
Would your team catch a fake CFO on a video call?
One engineering firm didn't, and it cost them $25.6 million. Every person on that call, including the CFO, was an AI-generated deepfake. The employee wasn't careless. He just didn't have a process built to catch something this convincing.
Here's the uncomfortable part: voice cloning fraud jumped from $360 million in losses in 2024 to $1.1 billion in 2025. And it only takes about 3 seconds of audio, a podcast clip, a webinar recording, an earnings call, to clone someone's voice convincingly.
The old safeguards (recognizing a voice, checking caller ID, having a second person confirm on the call) don't hold up, because the fraud happens inside the very call those safeguards rely on.
The good news: this is fixable. It just requires rethinking how approvals work: verifying requests through a separate channel, requiring two people to confirm independently, and using a code word that's never been sent digitally.
We break down exactly how to rebuild your wire transfer approval process for this new reality. Link in comments. Would your team catch a fake CFO on a video call?
One engineering firm didn't, and it cost them $25.6 million. Every person on that call, including the CFO, was an AI-generated deepfake. The employee wasn't careless. He just didn't have a process built to catch something this convincing.
Here's the uncomfortable part: voice cloning fraud jumped from $360 million in losses in 2024 to $1.1 billion in 2025. And it only takes about 3 seconds of audio, a podcast clip, a webinar recording, an earnings call, to clone someone's voice convincingly.
The old safeguards (recognizing a voice, checking caller ID, having a second person confirm on the call) don't hold up, because the fraud happens inside the very call those safeguards rely on.
The good news: this is fixable. It just requires rethinking how approvals work: verifying requests through a separate channel, requiring two people to confirm independently, and using a code word that's never been sent digitally.
We break down exactly how to rebuild your wire transfer approval process for this new reality. Link in comments.