Last month, employees at the UK-based engineering firm, Arup, were tricked by a deepfake video of the company’s CFO into transferring $25 million to cybercriminals. This isn’t an anomaly. It’s further proof that social engineering has become cybersecurity’s most costly problem. Today, more cybercriminals are launching AI-powered social engineering attacks targeting finance teams and executives, principally those in vendor-facing roles with access to funds and the authority to modify payment details and approve wire transfers. Whether it’s an AI-generated phishing campaign, a fake Invoice in payment initiation, or a deepfake impersonation, the success rate of these social engineering attacks is…
Author: Shai Gabay
Shai Gabay
A visionary entrepreneur, Shai Gabay has always held a deep passion for cybersecurity and fintech, and over the course of his career, he has developed his expertise in both areas. Currently, Shai is a co-founder and the CEO of Trustmi, a leading end-to-end payment security platform founded in Israel in 2021. Prior to Trustmi, he was General Manager at Opera, VP of Product and Services at Cynet, CIO at Cyberbit, and the CISO at Discount Bank. Shai holds a Bachelor's Degree from Shenkar College in software engineering and a Master's degree in Business Administration and Management from Tel Aviv University.
