One of Coinbase CISO Jeff Lunglhofer’s biggest concerns right now is one that’s making other security executives nervous: the rapid proliferation of deepfakes, which have already seen videos circulate featuring the voices and images of cryptocurrency CEOs like Coinbase’s Brian Armstrong and Ripple’s Brad Garlinghouse, promising to give away free tokens.
Jeff Lunglhofer warns that large platforms like YouTube — which aren’t vigilant about crypto scams at the best of times — may be slow to stop deepfakes because, on the surface, they look harmless and don’t contain the illegal content that platforms work hardest to detect. Most worryingly, the quality of deepfakes is improving every month, which will make them more convincing and harder to detect. In response to this coming onslaught, as well as the problem of scams, he has a piece of advice that goes beyond vigilance: If you’re moving money, slow down. (fortune)