Cybercriminals use AI voice phishing attacks to target cryptocurrency executives

ChainCatcher message, GK8's latest security report shows that cybercriminals are recruiting professional voice impersonators on underground forums to launch sophisticated "vishing" (voice phishing) attacks targeting cryptocurrency executives in the United States. These highly tailored attacks focus on high-value targets with custody infrastructure and private key access, with operators earning up to $20,000 a month.

Attackers leverage meticulously gathered personal information about executives, deepfake technology, and voice changers to impersonate banks, crypto services, and government agencies for social engineering attacks. GK8's Head of Security Research, Tanya Bekker, warns that distinguishing between real and fake will become increasingly difficult in the next 12-18 months and advises crypto organizations to implement specific protocols and training to counter voice and video social engineering tactics.