Introduction: In this episode of "The AI SPY" podcast, host Anurag delves into the world of deep fakes and their potential impact on banking fraud. Joined by cybersecurity expert Matt Wright, Director of Research for the Global Cybersecurity Institute, they explore the evolution of deep fakes, notable examples, and the intersection with banking fraud. Key Points Covered: - Understanding Deep Fakes: An exploration of what deep fakes are, how they are generated, and their practical applications beyond scamming people. - Technological Breakthroughs: Discussion on significant technological advancements that have made deep fakes more convincing, leading to their widespread adoption. - Trends in Deep Fakes: Examination of the increasing trend in deep fakes and notable cases, including recent examples involving public figures. - Deep Fakes in Banking Fraud: Analysis of the potential for deep fakes to be used in banking fraud, considering their effectiveness, scalability, and cost. - The DeFake Project: Insight into the DeFake project and its aims in addressing the challenges posed by deep fakes, as well as the motivation behind its inception. Audio Credit: Music from #Uppbeat (free for Creators!): ⁠⁠⁠https://uppbeat.io/t/all-good-folks/w... License code: CWFYBYTSKHIO0WBU