Big Picture

THE RISE OF DEEPFAKES

Scammers are now using deepfakes of celebrities, journalists, and NFT projects to convince people to send over various cryptocurrencies. One of note was a video online showing Elon Musk promoting an apparent cryptocurrency scam called BitVex.

To combat the rise of this technology as a means of scamming people, companies across the globe have greeted solutions to ensure deepfake technology cannot be used as a tactic in a cyber attack.

Twitter and Facebook have officially banned the use of malicious deepfakes, while Google has been working on text-to-speech conversion tools to verify speakers.