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Scammers used deepfakes to trick an employee in the Hong Kong office of a major international corporation costing the firm $25 million. The Sydney Opera House and Apple's California headquarters, was the victim of the scam. An employee in the finance department of the company's Hong Kong office attended a video call with what they believed to be the company's CFO and other staff members. But everyone else on the call was actually an Al-generated deepfake made using publicly available video and audio recordings. On the video call, the employee was instructed to transfer HK$200 million ($25.6 million), split over 15 transactions, to five local bank accounts. The investigation is ongoing, and no arrests have been made so far.

Scammers used deepfakes to trick an employee in the Hong Kong office of a major international corporation costing the firm $25 million. The Sydney Opera House and Apple's California headquarters, was the victim of the scam.

An employee in the finance department of the company's Hong Kong office attended a video call with what they believed to be the company's CFO and other staff members.

But everyone else on the call was actually an Al-generated deepfake made using publicly available video and audio recordings.

On the video call, the employee was instructed to transfer HK$200 million ($25.6 million), split over 15 transactions, to five local bank accounts.

The investigation is ongoing, and no arrests have been made so far.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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