News

Protecting Clients from Deepfake Damage

  • BOXX's Neal Jardine categorizes AI deepfake scams into three broad types.

  • "The grandparent’ scam" is the first; the second is to influence people into believing false or alternate digital realities; and the third is by damaging someone's reputation.

  • The bottom line is that deepfake concoctions are creating misconceptions and causing harm.

Trust no one. The expression defines the era of artificial intelligence (AI) deepfakes. Consider these real-world examples of things people thought they’d witnessed over the past two years.

Some think they heard U.S. President Joe Biden’s voice in a robocall to New Hampshire Democrats telling them not to vote in the 2024 election. And was that really Elon Musk schilling free cryptocurrency giveaways?

All of it’s false. Deepfake concoctions are creating misconceptions and causing harm. A recent Canadian Secret Intelligence Services (CSIS) report defines deepfake technology as “media manipulations…based on advanced artificial intelligence (AI), where images, voices, videos or text are digitally altered or fully generated by AI.”

The technology can now be used to place anyone or anything into situations in which they did not participate. It’s often used to misinform people, by inserting deepfake material into real media.

“Deepfakes are insidious and erode public trust,” says Neal Jardine, the global director of cyber risk intelligence and head of claims at BOXX Insurance. “And the damage they cause can be covered under a cyber insurance policy, in case brokers are wondering.”

Client safeguards

About BOXX Insurance

BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. Privately-held with headquarters in Canada, BOXX has global offices in Toronto, Miami, Zurich, Dubai and Mumbai.  

BOXX Insurance is an award-winning global cyber protection and insurance provider. We're not a typical company. That's by design. We're serious about making the world a digitally safer place; creating real, positive changes for our clients and partners, and building a lasting legacy, from what we create, inside the BOXX.  

Every day we're improving the digital health of businesses, families and individuals around the world who rely on BOXX's solutions and services to predict, prevent and insure them against cyber threats. 

Media Contact:   

Sarah Madden, Growth Marketing & Communications Lead  
news@boxxinsurance.com 

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