curated news excerpts & citations
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Oz @ Medium: The $1.2 Billion Zoom Call: How a Live Deepfake Just Killed Biometric Security
Multi-national corporations are quietly abandoning 2FA and facial recognition, returning to analog passwords. Here is the terrifying anatomy of the biggest cyber heist in history.
If you work in corporate finance, IT, or cybersecurity, everything you thought you knew about identity verification changed last week.
For years, we were told that the ultimate defense against cyber fraud was biometric security. We enforced strict Two-Factor Authentication (2FA), implemented liveness checks for facial recognition, and trusted our own eyes and ears.
Then, a coordinated cyber cartel used a Real-Time Deepfake to steal $1.2 billion in a single afternoon.
This wasn’t a phishing email. This wasn’t a compromised password. This was a live, interactive video conference where a Chief Financial Officer (CFO) sat face-to-face with what looked and sounded exactly like his CEO.
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