On Feb. 6, 2024, the US Securities and Exchange Commission ("SEC" or "Commission") adopted new Rules 3a5‑4 and 3a44‑2 (together, "Final Rules").
The scammer deceived the employee by using several deepfakes in a multi-person conference call. Deepfake continues to be a problem in the tech world. With the recent Taylor Swift deepfake incident, the awareness of the misuse has grown, but it still doesn't stop bad actors from exploiting generative AI to commit disturbances and crimes.