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Incident 982: Scammers Reportedly Using Deepfake Video Calls to Impersonate Executives in Singapore and Orchestrate Corporate Bank Transfers

Description: Scammers in Singapore are reportedly using AI-generated deepfake video calls to impersonate corporate executives. The calls seek to deceive employees into authorizing fraudulent bank transfers. Usually, it is reported, victims will receive WhatsApp messages inviting them to Zoom meetings. During the calls, the scammers are disguised as senior leaders and will instruct the employees to transfer company funds for fake business transactions and to disclose personal data.

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Alleged: Unknown deepfake technology developer developed an AI system deployed by scammers , Fraudsters and Scammers impersonating Singaporean executives, which harmed Executives in Singapore , Employees in Singapore , General public of Singapore and Companies in Singapore.
Alleged implicated AI systems: Unknown deepfake apps , Zoom and WhatsApp

Incident Stats

Incident ID
982
Report Count
1
Incident Date
2025-03-13
Editors

Incident Reports

Reports Timeline

+1
Singapore authorities warn of rise in deepfake corporate video calls
Singapore authorities warn of rise in deepfake corporate video calls

Singapore authorities warn of rise in deepfake corporate video calls

finextra.com

Singapore authorities warn of rise in deepfake corporate video calls
finextra.com · 2025

The Singapore Police Force (SPF), Monetary Authority of Singapore (MAS) and Cyber Security Agency of Singapore (CSA) says victims would receive unsolicited WhatsApp messages from scammers claiming to be executives from the company that the …

Variants

A "variant" is an incident that shares the same causative factors, produces similar harms, and involves the same intelligent systems as a known AI incident. Rather than index variants as entirely separate incidents, we list variations of incidents under the first similar incident submitted to the database. Unlike other submission types to the incident database, variants are not required to have reporting in evidence external to the Incident Database. Learn more from the research paper.
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