A finance worker at a multinational firm was tricked into paying out $25 million to fraudsters using deepfake technology to pose as the company's chief financial officer in a video conference call, according to Hong Kong police.

The elabora…

HONG KONG --- 

Scammers tricked a multinational firm out of some $26 million by impersonating senior executives using deepfake technology, Hong Kong police said Sunday, in one of the first cases of its kind in the city.

Law enforcement agen…

The Hong Kong branch of a multinational company has lost $25.6 million (HK$200 million) after scammers using deepfake technology posed as the firm's chief financial officer (CFO) in a video conference call and ordered money transfers, accor…

Scammers who used artificial intelligence-powered "deepfakes" to pose as a multinational company's chief financial officer in a video call were able to trick an employee into sending them more than $25 million, CNN reported.

The finance wor…

Fraudsters used deepfake technology to arrange a bogus video conference call and elaborately trick a finance worker at a multinational firm into paying out $25 million.

The name of the Hong Kong branch of this multinational company is not s…

An employee at a Hong Kong branch of a multinational firm was scammed into paying out 200 million HKD (more than $25 million) of company funds after a conference call in which every single participant --- other than the worker --- was a dee…

On Sunday, a report from the South China Morning Post revealed a significant financial loss suffered by a multinational company's Hong Kong office, amounting to HK$200 million (US$25.6 million), due to a sophisticated scam involving deepfak…

A Hong Kong-based finance professional at a multinational was reportedly swindled out of $25 million (HK$200 million) of company money when scammers created a deepfake of his London-based chief financial officer in a video conference call.

The scheme and the deepfake video conference call

The attack started with messages sent to several of the firm's employees, but it seems that only one -- employed in the finance department of the company's Hong Kong branch's -- was ultimate…

A deepfake phishing scam cost a multinational company more than $25 million after an employee was fooled by digital imitations of his colleagues on a conference call.

Hong Kong police said at a press conference Friday that the employee at t…

A multinational company's Hong Kong office was the victim of an elaborate scam using deepfake video technology to impersonate executives and scam the company out of HK$200 million ($25.6 million), local police reported on Sunday (Jan 4).

In…

Hong Kong police have launched an investigation after an employee at an unnamed company claimed she was duped into paying HK$200m (£20m) of her firm's money to fraudsters in a deepfake video conference call.

The Hong Kong police force said …

Scammers made off with about $25 million after they used deepfake technology to trick an employee at the Hong Kong branch of a multinational company, local media reported on Sunday, citing the city's police.

In January, an employee in the c…

Scammers stole $25.6 million USD ( $200 million Hong Kong dollars) from a multinational finance firm using deepfake technology, CNN reported.

Hong Kong police were contacted about a case where scammers used a deepfake of the firm's chief fi…

Learn how a multinational company's Hong Kong branch faced a deepfake scam, causing substantial financial losses, and explore efforts to counter the rising sophistication of deepfake technology.

A multinational company's Hong Kong branch fa…

An employee at the Hong Kong office of a multinational company transferred nearly $26 million to scammers last month after unwittingly attending a video call with deepfakes of their co-workers -- including the company's chief financial offi…

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. . According to police, the scamm…

What is easily the most ambitious deepfake scam yet has taken place in Hong Kong, where attackers were able to convince an employee of an unnamed company to transfer HK$200 million (about $25 million) via a fake video conference populated b…

A group of scammers recently used deepfake technology -- now readily available to just about anyone -- to trick a finance employee into paying them over $25 million of corporate funds. This might be one of the world's biggest AI-fueled heis…

Dive Brief:

• British engineering group Arup lost approximately $25 million after scammers used AI-manipulated "deepfakes" to falsely pose as the group's CFO and request transfers from an employee to bank accounts in Hong Kong, according to …

A British multinational design and engineering company behind world-famous buildings such as the Sydney Opera House has confirmed that it was the target of a deepfake scam that led to one of its Hong Kong employees paying out $25 million to…

Dive Brief:

• Just over half (53%) of businesses in the U.S. and U.K. have been targets of a financial scam powered by "deepfake" technology, with 43% falling victim to such attacks, according to a survey by finance software provider Medius.…

• Just over half of businesses in the U.S. and U.K. have been targets of a financial scam powered by “deepfake” technology, with 43% falling victim to such attacks, according to a survey by finance software provider Medius.
• Of the 1,533 U.S.…

As deepfake technology evolves, the variety and sophistication of phishing attacks continues to increase. Organizations may wonder how to protect against deepfake attacks that can lead to significant financial losses and reputational damage…

AI makes workers more efficient. Trouble is, AI makes criminals more efficient, too.

Thanks to increasingly sophisticated digital tools, bank scams and frauds have become a pervasive threat to consumers and financial institutions alike. Fro…