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Arup's $25M deepfake scam is a watershed moment, showing AI is now weaponized for corporate fraud. Criminals used deepfakes of the CFO and executives in a video call to bypass human trust, leading a finance worker to transfer $25 million. The incident highlights the urgent need for new non-tech defenses, like code words, to combat "technology-enhanced social engineering." The fallout is driving a critical debate over AI regulation.