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Mon, 02 Mar 2026

Mon, 02 Mar 2026 Deepfake attack: 'Many people could have been cheated'

The boss of the Bombay Stock Exchange was recently targeted in what is a growing global problem.

* The video was created using artificial intelligence and was circulated on social media platforms before being taken down by the exchange.
* The CEO notes that it's difficult to determine how many people saw the video and whether it had a significant impact.
* Deepfake attacks are becoming more common, with a 3,000% increase in usage over the past two years.
* A British engineering firm, Arup, was hit by a deepfake attack in 2024, resulting in a loss of $25m (£18.5m).
* Companies are struggling to keep up with the rapid evolution of AI and the increasing sophistication of deepfakes.
* Verification software is being used to detect deepfakes, but firms are in a constant battle to stay one step ahead of fraudsters.
* Experts warn that there is a shortage of cybersecurity professionals worldwide and companies need to invest more in security measures to combat deepfake attacks.