Over One-Third of Crypto Companies Lose More Than $500,000 Each to Deepfake Fraud

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A Regula study reveals that over one-third of crypto companies lose more than $500,000 each to deepfake fraud, stressing the need for stronger security.

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Regula's "Deepfake Trends 2024" study finds that 37% of crypto companies face losses exceeding $500,000 due to deepfake fraud, with the average loss at $440,000. Many firms report significant vulnerabilities to both audio and video deepfakes, underscoring the need for improved security strategies like multifactor authentication.