In TrendsHDFC Bank New CEO Live UpdatesStock MarketRupee vs DollarRunwal Enterprises IPOGold and SilverAI messaging scam costs Italy's top bank Intesa millions, sources sayAI-powered fraud cost Fideuram, Intesa Sanpaolo's private banking arm, €95 million in a sophisticated scam.By Reuters September 26, 2026, 3:27:06 PM IST (Published)Fraudsters using AI to impersonate senior executives stole €95 million ($108 million) from Fideuram, the private banking arm of Italy’s biggest lender Intesa Sanpaolo, two sources familiar with the matter said on Friday.More than half the funds were later recovered, but some €36 million remains missing, the sources said.The scheme, first reported by Corriere della Sera, began in February when then-Fideuram Chairman Paolo Molesini received what appeared to be a WhatsApp message from Intesa Sanpaolo CEO Carlo Messina seeking urgent help with an overseas transaction.The fraudsters followed up with a phone call that appeared to come from a senior partner at a prominent law firm, confirming the instruction. According to the sources, the callers used AI technology to replicate the lawyer’s voice.Believing the request was genuine, Molesini instructed his finance department to arrange a series of transfers to foreign accounts, mainly in China and Hong Kong, the sources said.Intesa Sanpaolo and Fideuram declined to comment.Fideuram…
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