Fraudsters Deepfake Entire Meeting, Swindle $25.5M

Hong Kong Company Scammed After Criminals Used Deepfake Technology to Imitate CFO
Fraudsters used deepfake technology to trick an employee at a Hong Kong-based multinational company to transfer $25.57 million to their bank accounts. Hong Kong Police said Sunday that the fraudsters had created deepfake likenesses of top company executives in a video conference to fool the worker.

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