6 in Hong Kong arrested over use of AI deepfake to apply for loans

Hong Kong police have arrested six individuals involved in a fraud syndicate that used AI deepfake technology to create doctored images for loan scams, prompting authorities to remind financial institutions to upgrade their anti-fraud measures.

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8/24/2023

AI Deepfakes Are a Threat to Businesses Too—Here's Why - Decrypt

The proliferation of deepfake videos and audio, fueled by the AI arms race, is impacting businesses by increasing the risk of fraud, cyberattacks, and reputational damage, according to a report by KPMG. Scammers are using deepfakes to deceive people, manipulate company representatives, and swindle money from firms, highlighting the need for vigilance and cybersecurity measures in the face of this threat.

9/11/2023

Thai Authorities Arrest 5 For $27 Million Cryptocurrency Investment Scam

Five foreign nationals linked to a fraudulent cryptocurrency investment platform were arrested in Thailand after scamming local investors out of over $27 million worth of Thai bhat.

9/18/2023

Five Arrested in Thailand for $76 Million Crypto and Gold Investment Scam That Targeted Thousands

Five people, including four Chinese nationals and one Lao citizen, have been arrested in Thailand for running a $76 million cryptocurrency and gold investment scheme that defrauded over 3,000 victims through a fake website and promises of high returns.

9/18/2023

FBI Warns of Growing Threat from Criminals and Adversaries Exploiting AI While U.S. Struggles With Ethical Use

Adversaries and criminal groups are exploiting artificial intelligence (AI) technology to carry out malicious activities, according to FBI Director Christopher Wray, who warned that while AI can automate tasks for law-abiding citizens, it also enables the creation of deepfakes and malicious code, posing a threat to US citizens. The FBI is working to identify and track those misusing AI, but is cautious about using it themselves. Other US security agencies, however, are already utilizing AI to combat various threats, while concerns about China's use of AI for misinformation and propaganda are growing.

9/22/2023

Hong Kong Police Probe Alleged $166 Million Cryptocurrency Fraud at Unlicensed JPEX Trading Platform

Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses, with eleven people, including popular influencers, being arrested in what could be one of Hong Kong's biggest fraud cases as the city positions itself as a global hub for virtual assets.

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Posted 8/25/2023, 6:34:58 AM

6 in Hong Kong arrested over use of AI deepfake to apply for loans

scmp.com

Relevant topic timeline:

8/24/2023

AI Deepfakes Are a Threat to Businesses Too—Here's Why - Decrypt

9/11/2023

Thai Authorities Arrest 5 For $27 Million Cryptocurrency Investment Scam

Five foreign nationals linked to a fraudulent cryptocurrency investment platform were arrested in Thailand after scamming local investors out of over $27 million worth of Thai bhat.

9/18/2023

Five Arrested in Thailand for $76 Million Crypto and Gold Investment Scam That Targeted Thousands

9/18/2023

FBI Warns of Growing Threat from Criminals and Adversaries Exploiting AI While U.S. Struggles With Ethical Use

9/22/2023

Hong Kong Police Probe Alleged $166 Million Cryptocurrency Fraud at Unlicensed JPEX Trading Platform