The era of deepfake CEO fraud is here, and it’s costing companies millions. A recent report from Onfido revealed a shocking 3000% increase in deepfake fraud in 2024, and security experts are warning that this is just the beginning. Attackers are using sophisticated AI-powered tools to create highly realistic deepfake videos and audio of senior executives, which they then use to trick employees into transferring large sums of money or divulging sensitive information.

These attacks are becoming increasingly difficult to detect, as the deepfakes are often indistinguishable from the real thing. Traditional security controls, such as email filtering and multi-factor authentication, are often ineffective against this new breed of social engineering attack. As a result, CISOs are under immense pressure to find new ways to protect their organizations from this growing threat.

In this article, we’ll explore the latest deepfake attack techniques, discuss the limitations of existing security controls, and provide practical guidance on how to build a multi-layered defense against deepfake CEO fraud. We’ll also share insights from leading security experts on how to educate employees and create a culture of security awareness that can help to mitigate the risk of a successful attack.