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Fraudsters posing as ‘executives’ with deepfake images stole $25.6 million from a company

  • February 5, 2024
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With the widespread use of artificial intelligence, we are starting to see it deeply fake Images can be used for many purposes, from impersonating celebrities to scamming people.

Fraudsters posing as ‘executives’ with deepfake images stole .6 million from a company

With the widespread use of artificial intelligence, we are starting to see it deeply fake Images can be used for many purposes, from impersonating celebrities to scamming people. A recent incident in Hong Kong shows how serious the situation can become.

In an incident that took place at an undisclosed financial company in Hong Kong, an employee was deceived by deepfake images. Scammers in a video call using artificial intelligence posed as a company president and stole millions of dollars.

An employee who thought the people at the meeting were real sent $25.6 million to fraudsters

According to Hong Kong police, the fraudsters tried to prevent the company from operating in Britain. CFO (financial affairs manager) He contacted the employee and said it was some managers including. He then made video calls. Fraudsters posed as the CFO and other executives during this meeting and used deepfake images. The employee, who was initially suspicious, could not understand that the images were fake and thought they were actually his managers.

During the conversation, the fraudsters first asked the employee to introduce himself. Afterwards he said it was an emergency and transferred it to 5 bank accounts. $25.6 million They asked him to send it. He sent the money after the meeting was over. The employee became aware of the situation when he conducted checks within the company a week later. Fraudsters were likely able to create deepfakes using video clips of these executives.

Police announced that they have arrested six people so far in connection with the incident. It was revealed that those involved in the 2023 incident had committed 8 identity thefts, 54 bank accounts and applied for 90 loans. It was also found that they used deepfake images to trick facial recognition software at least 20 times.

The fact that the employee does not realize that the people in front of him are fake does not reflect how realistic and deepfake images are. dangerous It is an indication that you have become something. We have recently seen fake lewd images of famous singer Taylor Swift being circulated on social media. Such events are therefore likely to continue unabated.

Source: Web Tekno

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