Eksentricity

Adversarial AI: Deepfakes to Cost $40 Billion by 2027

July 1, 2024

Rapid Growth in Losses: Deepfake-related losses are projected to increase from $12.3 billion in 2023 to $40 billion by 2027.
Targeting Financial Services: Banking and financial services are primary targets for deepfake attacks.
Enterprise Unpreparedness: Many enterprises lack strategies to combat adversarial AI attacks, including deepfakes.

Escalating Financial Threat: The rapid growth in deepfake-related losses highlights the increasing financial impact of adversarial AI.
Vulnerability in Financial Sector: The financial sector is particularly vulnerable, with significant annual losses due to deepfake fraud.
Enterprise Risks: A large percentage of enterprises are unprepared for AI-driven threats, increasing their risk of significant losses.
Nation-State Involvement: Nation-states and large-scale cybercriminal organizations are enhancing their deepfake capabilities, raising the stakes for global security.