Deepfakes dominate InfoSecurity Europe 2024

InfoSecurity Europe, widely acknowledged as the chief global challenger to RSA in the US, kicked off with a Keynote speech and panel discussion on “Mapping the Deepfake Landscape.” Broadcaster and researcher Henry Adjer quoted numerous examples of the increasing sophistication of malicious deepfakes.

 The most interesting example of a deepfake was a false image purporting to show an explosion near the Pentagon shared by multiple verified Twitter accounts last year, resulting in a brief dip in the value of the New York Stock Exchange.

 “Threat actors are starting to explore the possibility of using deepfakes to move share prices with fake podcasts and video interviews with company C-suite executives of listed companies. Even if the fake is quickly spotted and squashed and the company’s shares are only impacted for 10 minutes, the threat actor can make a huge profit by speculating on the movement of a specific stock,” says Tim Grieveson, senior vice president of global cyber risk at cybersecurity firm BitSight, which in 2021 received £250 million funding from financial services giant Moody’s.