deepfake scam

Sophisticated Scam in Hong Kong Tricks Multinational Firm Out of $25.6 Million, Scammer Posed as Company's CFO

A sophisticated scam utilizing deepfake technology has defrauded a multinational company of $25.6 million, with the culprit impersonating the Chief Financial Officer (CFO) during a video call to deceive employees into transferring funds to fake accounts. This marks the first reported instance of deepfake technology being employed to defraud a financial institution
Feb 6, 2024
By Anshul Panda