Posted 2/5/2024, 6:30:00 AM
Hong Kong Finance Executive Loses $25 Million in First Reported Deepfake Video Conferencing Scam
- Finance professional in Hong Kong swindled out of $25 million after scammers created a deepfake video of his CFO on a conference call
- Scammers used AI to generate fake videos from past conferences to make the fake CFO seem real
- This is reportedly the first deepfake video conferencing scam in Hong Kong, but police have made arrests related to 20 other AI deepfake scams
- Deepfakes are becoming a bigger threat globally, with sexually explicit fakes of celebrities and bipartisan US legislation to allow victims to sue creators
- Countries like India are also grappling with non-consensual deepfakes and threatening social media platforms over spread of fakes