Get the latest tech news
Deepfake video call scam cons company out of $25 million
A major corporation in Hong Kong has fallen victim to a deepfake video call scam which cost the organization $25 million.
The scam began in mid-January when an employee in the Hong Kong branch’s finance department received a phishing message, seemingly from the company’s UK-based chief financial officer, reports the South China Moring Post. According to Acting Senior Superintendent Baron Chan Shun-ching, not only did the virtual recreations of each participant look and sound like their real-life counterparts, they were even able to interact to some degree on the call by giving orders. Police investigation revealed the meeting participants were digitally faked by scammers harvesting public footage of the executives and using deepfake technology to imitate their voices and likenesses reading from a script.
Or read this on ReadWrite