Fraudsters use deepfake to trick an employee out of $25 million in Hong Kong

A Hong Kong financial employee working for a multinational company was tricked into transferring $25 million to fraudsters, after attending a video meeting with a CFO impersonator who used…DeepfakeHong Kong police recently reported that they were investigating an elaborate fraud that saw a group of thieves defraud a multinational company of 200 million Hong Kong dollars, equivalent to $25.6 million, using “deep fake” technology to impersonate the company’s chief financial officer during a phone call. Video, the scammers initially targeted one of the company’s financial workers, who was not named in an email from the company’s CFO in the United Kingdom (CFO).

Online theft
Online theft

Since the message included a “secret transaction” worth HK$200 million, the man suspected it was a phishing email, but these suspicions were dispelled when he was invited to a video conference with the CFO and several other people, and his colleagues, whom he admitted, but what What the man didn’t know was that all the familiar faces and voices on the video call were actually fake faces and voices designed to make strangers look like company employees. After feeling relieved that he was acting at the request of his financial manager, the employee transferred more than $25.6 million to… Account of the scammers and continued his work, according to oddity central.

“They used deepfake technology to imitate the voice of their targets,” Chief Superintendent Baron Chan Chun Cheng said, adding that his department was highlighting the case because it was the first in Hong Kong where a victim was tricked during a “multi-person video meeting.”

The employee who was scammed said that the company employees on the call seemed like real people, but it was too late. The people he was with in the meeting basically gave him instructions before abruptly ending it, and did not really interact with him. The scam was only discovered when the employee checked The deal is with the head office, so he knows that no one knows anything about it.

Deepfakes and voice clones have become so frequent in the past few years that technology has reached a level where most people cannot distinguish between real people and digital clones.

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