Deepfake Scam Tricks Hong Kong Finance Worker into $25.6 Million Fraud

In a first-of-its-kind case, scammers used AI-generated deepfakes of company executives in a video call to orchestrate a multi-million dollar heist.

A sophisticated deepfake scam in Hong Kong tricked a finance worker into transferring $25.6 million to fraudsters.
The scammers used AI to create fake video representations of the company's CFO and other employees in a video conference call.
This marks the first reported case in Hong Kong involving deepfake technology in a multi-person video conference scam.
Hong Kong police have made six arrests in connection with the scam and are investigating further.
Experts and authorities worldwide are increasingly concerned about the misuse of deepfake technology for fraud and disinformation.