Finance worker shells out $25M after deepfake CFO hijacks video call.

1 min read

TLDR: A finance worker at a multinational firm in Hong Kong fell victim to a deepfake scam, paying out $25 million to fraudsters posing as the company’s chief financial officer in a video conference call. The worker was tricked into attending a call where all participants were deepfake recreations. The employee became suspicious but was convinced by the convincing appearance and voices of the other participants. The case highlights the increasing concern over the damaging potential of deepfake technology. Hong Kong police have made six arrests in connection with similar scams and have discovered that AI deepfakes were used to trick facial recognition programs. Authorities worldwide are growing increasingly worried about the sophistication and misuse of deepfake technology.

Previous Story

Hong Kong’s June event to train Asian officials in sustainable finance.

Next Story

Retirement funds support parents footing adult children’s expenses in America.

Latest from News