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Monday, February 5, 2024

Firm Misplaced $25 Million After Worker Tricked by Deepfakes on Name: HK Police


  • An organization misplaced $25 million after an worker was tricked by deepfake variations of his colleagues, Hong Kong police say.
  • The particular person had attended a video name with deepfakes of the agency’s UK-based CFO and different colleagues. 
  • Hong Kong police mentioned scammers created the deepfakes primarily based on publicly out there video.

Scammers made off with about $25 million after they used deepfake know-how to trick an worker on the Hong Kong department of a multinational firm, native media reported on Sunday, citing town’s police.

In January, an worker within the firm’s finance division obtained a message from somebody who mentioned they have been the corporate’s UK-based chief monetary officer, South China Morning Put up reported, citing police. The worker then had a video name with the corporate’s CFO and different firm staff — all of which turned out to be deepfakes.

Based mostly on directions they bought throughout that decision, the worker transferred HK$200 million, or $25.6 million, to varied Hong Kong financial institution accounts throughout 15 transfers, in response to the SCMP.

It was per week into the rip-off, when the worker contacted the corporate’s headquarters, that they realized one thing was mistaken.

The Hong Kong police didn’t identify the corporate or staff concerned. They mentioned scammers created deepfakes of assembly members primarily based on publicly out there video and audio footage, per SCMP.

The worker who was scammed didn’t work together with the deepfakes in the course of the video convention, in response to the media outlet.

Investigations are ongoing, though no arrests have been made, in response to the media outlet.

Deepfake movies are inflicting world issues. Celebrity Taylor Swift is among the newest to be caught up in a wave of sexually express deepfake movies that went viral on X and Telegram final month.

Many politicians are calling for a federal legislation to fight deepfakes.

In Might 2023, Democratic Rep. Joseph Morelle launched the Stopping Deepfakes of Intimate Pictures Act that might make it unlawful to share non-consensual deepfake pornography. The invoice has been referred to the Home Judiciary Committee.



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