Hong Kong firm loses $25.6M in deepfake scam with fabricated CFO and employees in a video call instructing funds transfer.
Deepfakes use AI tools to create realistic fake videos or audio, posing challenges to distinguish real from fake content.
First-of-its-kind Hong Kong scam involves a large sum and deepfake tech simulating a multi-person video conference.
Scammers convincingly replicate appearances and voices using publicly available video and audio footage.
Scammers convincingly replicate appearances and voices using publicly available video and audio footage.
Over the past year, scammers used audio deepfakes to impersonate loved ones, raising concerns about AI-related scams.
Hong Kong police investigate the deepfake scam, emphasizing its novelty in deceiving victims in a multi-person video conference.
Scammer's strategy of not directly engaging with the victim beyond a self-introduction made the scam more convincing.
Tips for verifying authenticity in video calls include asking for head movement or answers to confirm identity.
Proposed solution: equip employees with encrypted key pairs in corporate environments to prevent deepfake scams.
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