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Scammers use DeepFake to extort $26 million

The amount of damage will be around 26 million dollars. This Sunday, Hong Kong police revealed that Deepfake, a multinational company, was the subject of a scam based on video recordings created using artificial intelligence. In this case, the video featured company executives. This is the first case of its kind in the city.

An employee at a Chinese financial center “received video conference calls from someone posing as a senior manager at his company asking him to transfer money to designated bank accounts”, police said. The victim worked in the finance department and the scammers posed as the company’s UK-based finance director, according to Hong Kong media.

No arrests yet

A senior police officer, Baron Chan, clarified that there were many participants involved in the video conference, but all of them, except the victim, were “fake”. By the time police received a report of the incident on January 29, some HK$200 million (US$26 million) had already been lost through 15 transfers. “The investigation is still ongoing and no one has been arrested yet,” police said without naming the company.

“Scammers found publicly available videos and audios through YouTube, then used deepfake technology to copy their voices… to trick the victim into following their instructions,” Chan told reporters. Deepfake videos were pre-recorded and not included. Any dialogue or interaction with the victim, he added.

(TagsToTranslate)Hong Kong

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