In a shocking incident, a finance worker at a multinational firm fell victim to an elaborate scam involving deepfake technology, resulting in the loss of $25 million.
According to Hong Kong police, the fraudsters used deepfake technology to pose as the company’s chief financial officer during a video conference call. The worker was deceived into believing that the participants in the call were genuine colleagues, when in fact they were all deepfake recreations.
The scam began with a suspicious message from the supposed CFO, discussing the need for a secret transaction. Despite initial doubts, the worker proceeded with the transaction after the convincing video call.
The case highlights the growing concern over the use of deepfake technology in fraudulent activities. Hong Kong police have made six arrests related to similar scams, where deepfakes were used to deceive facial recognition systems.
Additionally, in late January, pornographic AI-generated images of Taylor Swift circulated widely on social media, highlighting the harmful impact of artificial intelligence technology.
The explicit photos, depicting the pop star in suggestive poses, garnered tens of millions of views before being taken down.
These incidents underscore global concerns over the sophistication of deepfake technology and its potential for criminal purposes, prompting authorities worldwide to take action against its malicious use.
Source: PhilNews24 | February 5, 2024
