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Banking & Lending

Three charged in AI impersonation scheme accused of stealing about $129 million

Three charged in AI impersonation scheme accused of stealing about $129 million

Prosecutors said Thursday that three people were indicted in New York on wire fraud and aggravated identity theft charges. Prosecutors say they used AI to mimic a CEO's voice and sometimes image on calls, and often targeted companies' accounting departments. Victims included hospital systems in Missouri and California and a bank in Rhode Island, according to court documents.

NoteFor finance teams, the attack ran through accounting departments and the wire instructions, which suggests payment controls matter as much as the calls and emails.

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