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Multinational firm’s Hong Kong office loses HK$200 million after scammers stage deepfake video meeting


Police sound alarm after employee tricked by digital recreation of company’s finance chief and others in video call.

“This time, in a multi-person video conference, it turns out that everyone you see is fake,” he said, adding that the scammers were able to generate convincing representations of targeted individuals that looked and sounded like the actual people. Deepfake technology was in the news last month, after fake sexually explicit images of pop superstar Taylor Swift were spread on social media sites. The police report was made by an employee in the branch’s finance department, who received what appeared to be a phishing message in mid-January, apparently from the company’s UK-based chief financial officer saying a secret transaction had to be carried out.

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