Deepfake scammer walks off with $25 million in first-of-its-kind AI heist

stapp · Feb 5, 2024

On Sunday, a report from the South China Morning Post revealed a significant financial loss suffered by a multinational company's Hong Kong office, amounting to HK$200 million (US$25.6 million), due to a sophisticated scam involving deepfake technology. The scam featured a digitally recreated version of the company's chief financial officer, along with other employees, who appeared in a video conference call instructing an employee to transfer funds.
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https://arstechnica.com/information...ith-25-million-in-first-of-its-kind-ai-heist/

longshots · Feb 5, 2024

an employee in the finance department of the company's Hong Kong branch received what seemed to be a phishing message, purportedly from the company’s UK-based chief financial officer, instructing them to execute a secret transaction. Despite initial doubts, the employee was convinced enough by the presence of the CFO and others in a group video call to make 15 transfers totalling HK$200 million to five different Hong Kong bank accounts.
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So, basically, an upmarket phishing scheme where an employee should have known better.
Nevertheless, a very nicely put together scam, which I'm sure we'll see many more of - because not everybody knows how to write malicious code

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Deepfake scammer walks off with $25 million in first-of-its-kind AI heist

stapp Global Moderator

longshots Registered Member

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Deepfake scammer walks off with $25 million in first-of-its-kind AI heist

stapp Global Moderator

longshots Registered Member

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