Voice biometrics spoof nets fraudster $29M


The U.S. subsidiary of financial media giant Nikkei, has been victimized by a voice biometric spoof attack that netted a $29 million wire transfer, PYMNTS reports.

The wire fraud occurred in September, when a malicious third-party posing as a management executive of Nikkei instructed a company employee to send the funds in a combination phishing and imitation attack.

Keep reading: https://www.biometricupdate.com/201911/voice-biometrics-spoof-nets-fraudster-29m