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Cybercriminals used AI deepfakes to trick Fideuram, Intesa Sanpaolo's private banking arm, into wiring over $100 million overseas in February 2026. Fraudsters impersonated CEO Carlo Messina via WhatsApp and cloned a lawyer's voice. About $60.14 million was recovered with help from China, Portugal and Italy; $40.8 million remains missing, converted to cryptocurrency.
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Summary by ByteBrief
Banks Warn AI Shopping Agents Raise Fraud Risk