Intesa Sanpaolo loses millions to deepfake voice fraud targeting executive

Intesa Sanpaolo, Italy's largest bank, was defrauded of tens of millions of euros via a deepfake voice impersonating CEO Carlo Messina in a WhatsApp and phone scam beginning February. The attack exploited voice-cloning AI to bypass executive verification, marking a significant escalation in AI-enabled financial crime. The full extent of the loss and any recoveries remain undisclosed.