Recently, a highly sophisticated financial fraud case involving AI technology has rocked the European banking industry. An executive at the Italian private bank, Fideuram, was deceived by an AI voice scam, leading to the transfer of a staggering €95 million to a criminal syndicate. Despite the concerted efforts of law enforcement agencies and banks across several countries, which have successfully recovered the majority of the stolen funds, approximately €36 million still remains unaccounted for.
