Italy's biggest private bank wires $108M to scammers who clone a lawyer's voice with AI

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Italy's biggest private bank wires $108M to scammers who clone a lawyer's voice with AI

AI Summary

Fraudsters used AI to impersonate a senior executive's voice and stole €95 million from Fideuram, the private banking division of Italy's largest bank, Intesa Sanpaolo. The scam exploited advanced voice cloning technology for the heist.

Fraudsters using AI to impersonate senior executives stole €95 million (US$108 million) from Fideuram, the private banking arm of Italy's biggest lender ​Intesa Sanpaolo, two sources familiar with the matter said on Friday.

Markets Deals AI & Tech AI fraud voice cloning bank theft Intesa Sanpaolo Fideuram cyber crime

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