In March, fraudsters used AI-based software to impersonate a chief executive from the German parent company of an unnamed UK-based energy firm, tricking his underling, the energy CEO, into making an allegedly urgent large monetary transfer by calling him on the phone. The CEO made the requested transfer to a Hungarian supplier and was contacted again with assurances that the transfer was being reimbursed immediately. That too seemed believable. Although the CEO recognized the familiar accent and intonations of the chief executive, it turns out that the boss wasn’t making the call. The funds he transferred to Hungary were subsequently moved to Mexico and other locations and authorities have yet to pinpoint any suspects.