• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Arup Falls Victim to Deepfake Video Scam

Arup Falls Victim to Deepfake Video Scam

05/17/2024
PsychTests AIM Inc. Nominated for Go Global Awards 2025

AI-Driven Psychometrics from Canada’s PsychTests AIM Inc. Transform Global HR Practices

08/20/2025
PsychTests AIM Inc. Nominated for Go Global Awards 2025

PsychTests AIM Inc. Nominated for Go Global Awards 2025

08/20/2025
Beyond Borders: Women Shaping the Past, Present, and Future of Global Trade – Free Download Now Available

Beyond Borders: Women Shaping the Past, Present, and Future of Global Trade – Free Download Now Available

08/20/2025
International Trade Council and Association of Business Women in Commerce & Industry (ABWCI) Sign MOU to Empower Women Entrepreneurs Globally

International Trade Council and Association of Business Women in Commerce & Industry (ABWCI) Sign MOU to Empower Women Entrepreneurs Globally

08/20/2025
Hachiko Efficiency Services Nominated for Go Global Awards 2025

Hachiko Efficiency Services Strengthens Environmental and Hazardous Materials Management Across the Pacific

08/20/2025
Trump’s Tariffs Seen as Central Tool in US Trade Strategy

Trump’s Tariffs Seen as Central Tool in US Trade Strategy

08/20/2025
Asian Exports Seen Holding Steady Despite US Tariffs

Asian Exports Seen Holding Steady Despite US Tariffs

08/20/2025
Japan Exports Record Steepest Decline in 4 Years Amid Tariff Pressures

Japan Exports Record Steepest Decline in 4 Years Amid Tariff Pressures

08/20/2025
Hachiko Efficiency Services Nominated for Go Global Awards 2025

Hachiko Efficiency Services Nominated for Go Global Awards 2025

08/20/2025
How US Tariffs Will Impact Prices and Consumers

How US Tariffs Will Impact Prices and Consumers

08/20/2025
Trump Tariffs Seen as Opportunity to Boost Intra-ASEAN Trade: Malaysia

Trump Tariffs Seen as Opportunity to Boost Intra-ASEAN Trade: Malaysia

08/20/2025
Alinea Customs Launches Free Global Tariffs & Rules Lookup Tool

Alinea Customs Launches Free Global Tariffs & Rules Lookup Tool

08/20/2025
supplychainreport
Thursday, August 21, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Arup Falls Victim to Deepfake Video Scam

by Raxer X.
05/17/2024
in Fraud & Scams, Security & Risk

YOU MAY ALSO LIKE

Merchant International Systems Ltd Nominated for 2025 Go Global Awards in London

Merchant International Systems Limited Recognized for Excellence in Safety and Technology Solutions

Engineering and design consultancy Arup recently experienced a significant cyber attack involving the use of deepfake technology. The incident has highlighted the growing sophistication of cyber threats facing corporations globally.

According to reports, cybercriminals created a deepfake video featuring a convincing imitation of Arup’s CEO, Alan Belfield. The video was used to deceive employees into transferring a substantial sum of money to fraudulent accounts. The attackers utilized advanced artificial intelligence to replicate Belfield’s voice and facial expressions with remarkable accuracy, making the video appear highly authentic.

Arup has not disclosed the exact amount lost in the scam, but sources indicate that the financial impact was significant. The company has since taken measures to enhance its cybersecurity protocols and is working closely with law enforcement agencies to investigate the incident.

The use of deepfake technology in cybercrime is a growing concern. Deepfakes involve the manipulation of digital media, often replacing one person’s likeness with another’s in a highly realistic manner. This technology, while having legitimate applications in entertainment and other industries, is increasingly being exploited for malicious purposes.

Cybersecurity experts have pointed out that this incident serves as a stark reminder for companies to stay vigilant and adopt robust security measures. Training employees to recognize potential scams, implementing multi-factor authentication, and continuously updating security systems are critical steps in mitigating such risks.

Arup’s experience underscores the necessity for businesses to remain proactive in their cybersecurity efforts. As technology evolves, so too do the methods employed by cybercriminals, requiring constant vigilance and adaptation from organizations worldwide.

This event at Arup is not isolated, as similar scams have targeted other high-profile companies. The rising prevalence of such sophisticated attacks calls for a collaborative approach among businesses, cybersecurity firms, and government agencies to develop comprehensive strategies for defense and response.

In the wake of this incident, Arup has reaffirmed its commitment to safeguarding its operations and client data. The company emphasizes the importance of transparency and continuous improvement in its security practices to prevent future occurrences.

The broader implications of this scam extend beyond Arup, serving as a critical learning point for industries everywhere. It highlights the necessity for ongoing education and investment in advanced cybersecurity technologies to protect against increasingly sophisticated threats.

Discover supply chain news insights on The Supply Chain Report. Enhance your international trade knowledge at ADAMftd.com with free tools.

#ArupCyberAttack #DeepfakeThreats #CybersecurityAwareness #AIInCybercrime #CorporateSecurity #FraudPrevention #CyberVigilance #TechSafety #CyberCrimeResponse #BusinessContinuity #DigitalMediaManipulation #ProtectYourData #SecurityTraining #IncidentResponse #CyberThreatLandscape

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.