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Finance worker pays out $25 million after video call with deepfake ‘chief financial officer’

  • Scammers used deepfake technology to impersonate senior executives in a multinational firm, resulting in a loss of $25 million.
  • The fraudsters utilized WhatsApp, email, and video conferences to deceive Hong Kong staff members and carry out the scam.
  • Authorities are investigating the incident, and no arrests have been made at this time.
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44 Articles

Lean Left

A financial employee of a multinational paid the equivalent of 24 million euros to fraudsters who used deepfake technology during a...

·Antwerp, Belgium
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Lean Left

Fraudsters have looted more than 23 million euros in Hong Kong using a fake video conference. They obviously cleverly circumvented the weaknesses of the technology — with the “boss scam.”

·Germany
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  • 37% of the sources are Center
37% Center

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South China Morning Post broke the news in Hong Kong on Sunday, February 4, 2024.
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