Deepfakes and Payment Fraud: Professor Kai London on the New Threat to Latin American Finance
By the Ezeiza Times Business Desk Professor Kai London — board advisor & interim CISO/CIO/CTO. Credit: professorkailondon.com A finance employee joins a video call with colleagues they recognise, receives an urgent instruction, and authorises a large payment. Every face on the call was fabricated. That scenario, once hypothetical, has already cost organisations tens of millions — and it represents, warns Professor Kai London , a senior CISO, a fundamental shift for fast-growing financial markets. “AI has industrialised deception,” he says. “The controls that assume you can trust a familiar face or voice are now obsolete.” “For centuries, fraud prevention rested on recognising people we trust. Generative AI has broken that assumption — and finance is the target, because that is where the money moves.” The vulnerability is the process London reframes the threat away from the technology. “The deepfake is the weapon, but the vulnerability is a payment process that can be triggere...