Scammers Use Deepfakes to Steal $25.6 Million From Company in Hong Kong

Scammers Use Deepfakes to Steal , $25.6 Million From Company in Hong Kong.

In Hong Kong, a finance worker for an unnamed multinational firm was tricked into paying bad actors $24.6 million, Engadget reports.

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According to police, the scammers posed as the firm's CFO in the U.K. and sent an email requesting secret transactions.

The worker was reportedly suspicious at first but then took part in a video call with the "CFO" and other company members.

In reality, those firm members were deepfakes, not the actual individuals.

The employee was instructed to make 15 money transfers across five bank accounts amounting to over $25 million.

He complied, and the call quickly ended.

A week later, the employee followed up on the request and learned that he'd been tricked.

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Six people linked to the scam have been arrested by Hong Kong police so far.

Six people linked to the scam have been arrested by Hong Kong police so far.

Deepfakes have become a growing concern among the evolution of AI, Engadget reports.

Last month, Taylor Swift and President Joe Biden were both targeted with deepfakes.

Last month, Taylor Swift and President Joe Biden were both targeted with deepfakes.

Swift's identity was forged in pornographic images, while the president's "voice" was used in robocalls to constituents in New Hampshire.

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Swift's identity was forged in pornographic images, while the president's "voice" was used in robocalls to constituents in New Hampshire.