Deepfake risks and their consequences

Fraudsters use deepfakes to imitate voices and faces with remarkable realism, often causing significant damage in the process. They may pose as executives, employees, or business partners to obtain payments or gain access to sensitive information. BIC Enterprise Risk and BIC Internal Control help organisations deal with deepfake fraud and other risks in a structured and practical way. Risks can be managed centrally and linked directly to controls and targeted measures. This makes it easier to embed the right safeguards across the organisation.

450 loss per deepfake incident – 92% of affected companies report similar levels of financial loss

Regula / Sapio Research, 2024

32 of executives do not believe their employees would recognise a deepfake attack

Eftsure, 2024

77 of deepfake victims suffered financial losses because verification processes failed

Deepstrike, 2025

Success story

DATEV’s new approach to risk management

DATEV eG, one of Germany’s leading IT service providers, has fundamentally transformed its approach to risk management with BIC GRC. Today, risks are considered in the context of business processes, assessed quantitatively, and managed centrally. This success story shows what that looks like in practice and highlights the benefits of an integrated platform.

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Prevent deepfake fraud attempts effectively

BIC GRC embeds the management of deepfake risks directly within an organisation’s governance structure. The result is clear accountability, closed control gaps, and stronger employee awareness.

Capture and assess deepfake risks systematically

With average losses of $450,000 per incident, deepfake threats are no longer a marginal issue. If this type of fraud is not recorded consistently, organisations often lack a clear picture of their actual exposure and the actions needed in response. BIC Enterprise Risk enables companies to integrate deepfake risks into existing risk catalogues, assess them based on likelihood and potential impact, and assign ownership clearly. All relevant information is documented transparently and in a way that supports audit requirements.

Identify and close control gaps in critical processes

32% of executives do not believe their employees would spot a deepfake attack. That makes it essential to protect critical processes with effective controls. Fraudsters often exploit precisely those areas where safeguards are missing or not applied consistently. BIC Internal Control links process-related controls directly to identified risks and highlights weaknesses in payment, procurement, and identity verification processes. This allows organisations to implement targeted measures and review their effectiveness in a structured way.

Manage actions and prove their effectiveness

77% of deepfake victims suffered financial losses because existing verification processes were not sufficient. Therefore, clearly defined procedures alone are not enough. Employees also need to be aware of this type of fraud. With BIC Internal Control, prevention and awareness activities can be easily captured and managed. This includes training, which can be documented and tracked as a control activity. BIC Internal Control enables organisations to keep track of implementation, carry out regular effectiveness reviews, and maintain clear audit trails.

Thousands of users and analysts trust BIC GRC

BIC GRC combines powerful functionality with a high level of usability. It helps organisations bring together risk management, internal control systems, and other GRC disciplines in one integrated solution. The platform is used by leading DAX and MDAX companies, as well as international groups, and is regularly recognised by independent analysts.

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Frequently asked questions

How does BIC GRC support organisations in dealing with deepfake fraud?

BIC GRC provides the right foundation for addressing deepfake risks effectively. Companies can capture and assess these risks in BIC Enterprise Risk and link them directly to controls, awareness measures, and preventive actions in BIC Internal Control. In addition, BIC Process Design enables organisations to model relevant workflows while documenting risks and controls in the corresponding process diagram.

How is deepfake fraud captured in BIC Enterprise Risk?

BIC Enterprise Risk enables organisations to recognise deepfake fraud as an operational risk and include it within their existing risk management framework. Likelihood, potential impact, affected business processes, and responsibilities are all documented centrally and included in the assessment. The deepfake risk can also be linked to controls and further actions from BIC Internal Control. This ensures that all relevant information is available consistently for company-wide reporting.

How can training be mapped in BIC Internal Control?

Organisations can document training in BIC Internal Control and link it to relevant roles and processes. Completion and effectiveness can then be reviewed. All documentation is stored in an audit-proof manner.

Which companies is this solution particularly relevant for?

Companies that handle payment instructions, changes to master data, and approvals by phone or video call face a higher deepfake risk. Functions such as Finance, Treasury, Procurement, and the IT helpdesk are particularly exposed. BIC GRC is particularly useful for medium-sized and large organisations that want to identify these fraud risks, assess them properly, and link them to controls and appropriate actions.

BIC GRC for greater security and control in the age of deepfakes

Deepfake Risks Under Control