Finance execs are the new targets of deepfake videos [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
Last year, it was a wake-up call when a finance worker was duped by a fraudulent AI-digitally manipulated video featuring a deepfake of the firm's CFO ordering money transfers that cost the Hong Kong-based company millions. But now fraudsters are imitating prominent finance professionals on Instagram. In a new report Fortune 's Jim Edwards details how a video ad campaign on Instagram used a convincing deepfake of Goldman Sachs executives Abby Joseph Cohen and David Kostin. The goal was to tempt amateurs who want to get rich quickly into a stock-buying WhatsApp group. “Abby Joseph Cohen is a legend in the world of investing,” Edwards writes. “She was chief investment strategist at Goldman Sachs until 2008, when she moved to the bank's Global Markets Institute, before retiring from Goldman in 2021. Currently, she is a professor at Columbia Business School.” So it was most likely a surprise for retail investors to see Joseph Cohen in a video on their Instagram feed with a compelli
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