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How an AI scammer tried to impersonate Ferrari’s CEO and got outsmarted

Unmasking the Elaborate Scam: the Power of Artificial Intelligence and Quick Thinking

Impersonation scams have reached new levels of sophistication, thanks to the advancements in artificial intelligence (AI). Recently, an unnamed Ferrari executive found himself targeted by a scammer who convincingly posed as the company’s CEO, Benedetto Vigna. However, through a combination of AI replication and quick thinking, the scammer was ultimately outsmarted.

The scam began when the imposter reached out to the Ferrari executive via WhatsApp, assuming the identity of Benedetto Vigna. Despite discrepancies in the phone number and profile picture, the message caught the executive’s attention. “Hey, did you hear about the big acquisition we’re planning? I could need your help,” the message read, according to The Drive.

Engaging in conversation with the scammer, the executive began to suspect that something was amiss. Then the unexpected happened: a phone call from the imposter. Astonishingly, the voice on the other end of the line sounded uncannily like Benedetto Vigna, even mimicking the CEO’s accent from southern Italy. This raised concerns that the scammer was utilizing AI-powered software to reproduce Vigna’s voice.

However, the vigilant executive had his doubts. To test the authenticity of the caller, he asked a simple question: “What book did you recently recommend that I read?” The imposter was caught off guard, unable to provide the correct answer. Artificial intelligence may have its limits, but the ability to recommend books is not within its current capabilities. Realizing their cover was blown, the scammer hastily hung up the call.

The Ferrari executive’s astute thinking and quick action foiled the scammer’s attempt. Ferrari wasted no time and launched an internal investigation into the incident. The investigation revealed that the scammer had a specific agenda: discussing “a China-related deal” that required a currency-hedge transaction. The true identity of the scammer remains unknown at this time.

The incident serves as a cautionary tale for individuals and organizations alike. It highlights the need for heightened vigilance in the face of increasingly sophisticated scams. As AI technology advances, scammers are finding new ways to deceive unsuspecting victims. It is crucial to remain alert and employ strategies to unmask potential imposters.

In this case, the executives’ knowledge of Benedetto Vigna’s reading preferences played a crucial role in exposing the scam. The book in question, “Decalogue of Complexity: Acting, Learning, and Adapting in the Incessant Becoming of the World,” authored by Alberto Felice de Toni and published in 2024, provided a unique identifier and exposed the imposter’s lack of knowledge.

As scams become more elaborate, it is vital to stay informed and adopt proactive measures to protect ourselves and our businesses. Verifying identities, double-checking contact information, and asking personal questions are essential steps in unmasking potential scammers. By staying one step ahead and employing critical thinking, we can foil the attempts of those who seek to deceive us.

In conclusion, this incident involving the Ferrari executive sheds light on the growing threat of AI-powered scams. With scammers using advanced technology to mimic voices and personas, it is crucial to remain vigilant. Incorporating personal knowledge and quick thinking can play a decisive role in unmasking imposter scammers. By sharing stories like this, we can raise awareness and equip others with the tools to protect themselves from these ever-evolving threats.