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UK Prime Minister Truss resigns; former UK Treasury Chief Sunak leads the succession race. China’s onshore renminbi drops to near a 14-year low against the surging dollar. Germany drops opposition to EU gas price cap. Analysis: Deepfakes No Longer Over-The-Horizon Threat to Firms with Tech Advances.

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A rundown of important global risk developments in markets, in business, and region by region.

Analysis: Deepfakes No Longer Over-The-Horizon Threat to Firms with Tech Advances

Deepfake technology began as entertainment on social media but is quickly developing into a legitimate threat to organizations because of rapid advances with artificial intelligence (AI). Cybercriminals are expressing significant interest in the latest deepfake technology, which can deceive facial recognition software and circumvent measures designed to authenticate trust, or mimic human voices to trick employees into transferring money to them.

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