Financial Services
Major Engineering Firm's $25M Video Scam (2024)
Problem: Fraudsters used YouTube-sourced deepfakes of a major engineering firm's CFO in a Teams call to authorize $25M in wire transfers.
Impact: $25M lost with significant reputational damage amid a 1,740% North American deepfake surge.
Solution: Real-time VLM detects facial and video inconsistencies, integrating with communications platforms to block fraudulent transfers, saving millions.