Deepfake video meeting costs $25.6 mn to company
Employees at the company’s Hong Kong office were fooled by scammers who created digitally-altered versions of the company's CFO
IANS
Hong Kong: A deepfake video conference call where a digitally recreated avatar of the chief financial officer (CFO) ordered money transfers has cost a multinational company $25.6 million in a first-such scam.
Employees at the company’s Hong Kong office were fooled by scammers who created digitally-altered versions of the company's CFO and others in a video call where “everyone looked real”.
Everyone present on the video calls except the victim was a fake representation of real people, South China Morning Post reported.
“The scammers applied deepfake technology to turn publicly available video and other footage into convincing versions of the meeting’s participants,” said the report.
Police say the case is the first known instance of scammers using deepfakes to deceive financial agencies.
“This time, in a multi-person video conference, it turns out that everyone you see is fake,” acting senior superintendent Baron Chan Shun-ching was quoted as saying.
The company employees in the call looked and sounded like real people the targeted employee recognised.
