Ransomware is one of the most popular threats in the cyber world. There is
an emerging technique for integrating artificial intelligence (AI), deep machine
learning, and facial mapping for creating fake videos of people doing and saying
something that they have not actually done. Deepfake ransomware is an attack where
deepfake technology is being used in ransomware campaigns. Anyone can become the
victim or target of this attack, however, this research paper focuses on the impact of
deepfake ransomware on organisations. It covers potential risks that an organization
might face due to deepfake ransomware attacks such as customer trust, organization
reputation, and many other impacts. Besides that, this paper also discusses defence
techniques that an organization could consider implementing in protecting the
organization against deepfake ransomware attacks. Implementing the defence without
awareness will not be effective, hence it is highlighted several times in this paper, that
awareness is needed amongst the employees and employers to prevent the organisation
from deepfake ransomware. Additionally, it also mentions possible risk management,
business continuity, and disaster recovery plans that should be considered by the
organization whilst handling the situation of deepfake ransomware attacks.
Keywords: Deepfake ransomware, Organizational security, Security awareness, Risk management, Business continuity.