Deepfake: Company, Switzerland 2024
A supposed lawyer called a company’s finance manager and invited him to a video conference with his boss.
- Incident · 04.2024 · Switzerland
- Evidence: confirmed by an authority
- Deepfake
- Deception (social engineering)
- AI link
As of
What happened
In the meeting, he saw and heard the supposed boss, who wanted his mobile number and pushed him to make financial transactions; the video had been created with AI. The fraud was quickly exposed because the clothing and voice did not match the real boss.
Role of AI: Boss’s face in the video faked with AI; according to the NCSC, the voice was poorly imitated
- Affected
- Company (anonymous)
- Industry
- other industry
- Loss
- no reliable figure
- Business interruption
- unknown
- Ransom demanded / paid
- unknown / unknown
- Data affected
- unknown
- Bankruptcy
- no
- Entry point
- Call from a supposed lawyer and invitation to a video conference
What would cyber insurance have paid?
That depends on the terms. Whether those affected were insured: unknown.
-
CEO fraud, diverted payment, fake invoice
Mostly add-on 5 of 9 business products cover it fully, as an add-on or with limits.
Overview based on public policy terms, as of 06.11.2026. Only your policy and its general terms and conditions (GTC) are binding. No confirmation of cover.
What we can learn
Even a boss on video is no proof; payment orders require a check via a known channel.
Sources
- Wochenrückblick Woche 14: Online-Meeting mit Deep-Fake-Chef: CEO-Betrug 2.0 (opens in a new window) Bundesamt für Cybersicherheit BACS (bis 2023: NCSC) · 09.04.2024
«Das Video des Chefs wurde in diesem Fall von den Betrügern mit Hilfe von Künstlicher Intelligenz (KI) erstellt.»