The advancement of artificial intelligence has made it possible to accelerate processes, improve digital communication and increase productivity in different industries, supporting the execution of complex tasks. However, the potential of this technology has also provided new tools for cybercriminals to be more sophisticated and threatening in their crimes.
Such is the case of the deepfakes and identity theft. The term deepfakes It combines the concepts deep learning and fake (deep learning, a concept used in artificial intelligence, and false). Using this method, people, events and voices are created with such precision that it is difficult to distinguish their falsehood, increasing the risk of falling into a trap.
In the business field, the deepfakes They have already been used to simulate the voice of managers and request transactions, carrying out million-dollar scams. In the United Kingdom, for example, the president of an energy company transferred more than 220,000 euros to an “alleged supplier” in Hungary. The person stated that he heard his boss’s voice and that he recognized the “German tone and melody” that characterized it and that is why he believed it was real.
This new reality has become a possible threat to companies and the stability of financial markets, including the stock market.
Impact of the DeepFakes in it stock market
He stock market It is an environment where public perception has a high impact on the value of companies. This characteristic makes the market very susceptible to false information and identity theft of key people.
According to the Statista portal, between 2022 and 2023, 5,771 cases of identity theft were detected in America, with the United States being the most affected with 3,000 of these.
One of the mechanisms that cybercriminals use is to create videos about executives to extort them, another is to make fake calls to request the transfer of money or sensitive information. These situations destabilize the markets since in many cases it is difficult to confirm the veracity, affecting the perception of investors.
In the Dominican Republic, electronic transactions in the stock market They are a growing trend. It is now possible to carry out the entire process from knowledge of the offer to investment through digital channels.
As the sophistication of artificial intelligence advances, the mechanisms for identity theft evolve. In this situation, it is necessary to be alert and take appropriate measures to mitigate any situation.
In the Dominican Republic, cases of identity theft of persons of interest have already been registered, with one of the most dangerous for the financial market being the use of the figure of the governor of the Central Bank, Héctor Valdez Albizu, to report on an alleged new platform of investment in the country.
This type of misinformation generates instability and can affect the reputation of organizations and executives, influencing the perception of investors and the general public.
How to protect yourself from identity theft
Financial cybercrimes usually have components of identity theft, this being one of the applications of deepfakes and therefore, one of the elements that must be carefully taken care of.
As technological sophistication increases, new mechanisms and tools appear to carry out this type of crime. Both organizations and individuals must adopt cybersecurity best practice frameworks by establishing a culture that reduces the impact of cyber attack vectors. deepfakes to protect both financial assets and the reputation of people and institutions.
