Employee loses $25 million of company funds after call with deepfake colleagues

A employee was guest has A online meeting with THE the company chief financial officer And other staff, except none of them were real.

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Deep fake scammers managed has trick A employee has A multinational farm In Sending in progress out more that $25 million of business funds In A elaborate scam that impersonated several business executives In A online video meeting.

In A statement seen on Radio Television Hong Kong (RTHK), Acting Senior Superintendent Baron Chan of THE police forces Cyber Security Division said THE incident begin last month When THE employee received A fake message Since THE the company chief financial officer attractive them has A video call has discuss A confidential transaction.

THE scammers used several falsified business executives has convince THE employee has send $25.5 million of THE the company funds through 15 transactions has five bank accounts.

Baron Chan of THE Hong Kong police force discuss THE deep fake incident. Source: RTHK

Chan said he believes THE scammers took previous pictures of THE the company executives has create THE deep fake imitations.

"I believe THE fraudster downloaded videos In advance And SO used artificial intelligence has add fake voice has to use In THE video conference," said Chan. "THE people In THE video conference look at as THE real people," he stressed.

THE employee only accomplished THE scam After consultant THE the company head office.

THE police implied said he was THE First of all case of It is kind In Hong Kong in the middle of A steep increase In deep fake scams In THE region.

"We to want has alert THE public has these new deception tactical," Chan stressed.

"We can see Since This case that fraudsters are able has to use AI technology In online meetings, SO people must be vigilant day before...