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Cloned Voices Hit Wall Street's Biggest Money Managers

Illustration representing a cyberattack targeting a hedge fund on Wall Street

Inc. reported on a wave of AI voice-cloning attacks targeting major Wall Street money managers, including Millennium Management, Two Sigma, and Citadel. Frank Teruel, COO at Arkose Labs, said AI has turned trust into something attackers can manufacture at scale, letting them personalize and adapt a scam call in real time instead of scripting one convincing message in advance. He recommended independent verification for any request involving money or sensitive information, even one that appears to come from a company's own CEO.

Read the full article on Inc.