AI-driven deception: A new face of corporate fraud

This article outlines how criminals are weaponizing AI and deepfakes to execute corporate fraud and cyber-enabled scams, including BEC using synthetic audio/video, KYC bypass and identity fabrication, fake-employee infiltration, password cracking, phishing, and social engineering at scale; it highlights examples such as GoldPickaxe and PassGAN, quantifies rising financial and reputational impacts, and recommends a layered defense with updated policies, continuous risk assessment, staff and customer awareness, stronger hiring and MFA controls, HR–security collaboration, and AI-powered detection to counter these evolving threats.