Anir Bhattacharyya

AlixPartners are most popular: within Wealth Management and Intellectual Property topic(s) AI is supercharging fraud and financial crime risk. The system-wide response from regulators and industry is picking up pace—but real resilience is still an inside job. In early 2024, we spoke to RTHK’s Money Talk about the rise of deepfake attacks.

The rise of the deepfake threat is challenging businesses to question everything – especially old approaches to risk management. If the business community harbored any remaining doubts about the threat posed by AI-powered fraud, it's safe to say recent events (and their $25.6 million price tag) have brought the danger all too close to home. The notorious case of a Hong Kong multinational falling prey to a phony video conference is by no means the first deepfake scandal to dominate headlines.

The rise of the deepfake threat is challenging businesses to question everything – especially old approaches to risk management. If the business community harbored any remaining doubts about the threat posed by AI-powered fraud, it’s safe to say recent events (and their $25.6 million price tag) have brought the danger all too close to home. The notorious case of a Hong Kong multinational falling prey to a phony video conference is by no means the first deepfake scandal to dominate headlines.