AI-Enhanced Fraud Steals $108M from Major Italian Bank

Fraudsters used AI-enhanced social engineering to steal approximately $108 million from a major Italian bank, marking a significant escalation in AI-driven financial crime. The incident highlights the growing vulnerability of financial institutions to sophisticated deepfake and voice-cloning attacks, though specific details on the method and bank remain undisclosed. This underscores an urgent need for banks to upgrade fraud detection and verification systems.