This white paper highlights deepfakes as a rising threat to the financial sector, enabling fraud, market manipulation, and disinformation. It introduces a taxonomy categorizing threats like C-suite impersonations, voice spoofing, and biometric bypasses. Key risks include financial fraud, data breaches, and reputational damage. Controls recommended include multi-factor authentication, employee training, deepfake detection technologies, and limiting access to sensitive media. Collaboration across institutions and proactive awareness programs are emphasized to mitigate these evolving threats and preserve trust in financial systems.

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