Financial worker duped into transferring $26 million by AI deepfakes.

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The finance employee of a major multinational corporation was defrauded of $26 million by scammers who used deepfake technology to impersonate his colleagues. The scammers invited the worker to a video conference call, which included deepfake simulations of the company’s CFO and other senior colleagues. The worker made 15 transactions as instructed, only to later discover that everything was a scam. The Hong Kong police believe that the fraudster used AI technology to add fake voices to the video conference, and that the scam involved downloading pre-recorded videos. The police have made six arrests in connection with scams like this. The incident highlights the growing threat of deepfake technology in fraud.

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