$25m deepfake call

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A finance worker at a multinational firm was tricked into transferring $25 million to fraudsters who used deepfake technology to impersonate the company's Chief Financial Officer (CFO) and other participants in a video call. The worker initially suspected a phishing attempt when he received a message about a secret transaction. However, he was convinced to proceed after the video call, believing that the other participants were real. The scam was only discovered when the worker became suspicious about the transaction and checked with the corporate head office. The Hong Kong police have made six arrests in connection with such scams and reported that on at least 20 occasions, AI deepfakes had been used to trick facial recognition programs137. The scammers used publicly available video and audio to create the deepfakes. This incident highlights the growing threat posed by deepfake technology, which has previously been used to generate fake explicit images of celebrities and manipulate political elections. The Hong Kong police have issued a public warning about the potential risks of deepfake technology37.
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