Dark
Light

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

1 min read
65 views

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.

Previous Story

Bank of America’s Brian Moynihan: Time to switch up negotiation strategies

Next Story

Candor secures Series B backing, revolutionizing mortgage industry with Rice Park.

Latest from News