Feb. 5, 2024, 5:17 p.m. | Joel R. McConvey

Biometric Update www.biometricupdate.com

In a jarring demonstration of how AI-generated biometric deepfakes have hypercharged fraud tactics, a virtual meeting with video deepfakes of senior management tricked an employee at an unidentified multinational firm into transferring US$25 million into five Hong Kong bank accounts.

The South China Morning Post reports that the finance employee at the firm’s Hong Kong office suspected a meeting request from his company’s chief financial officer was a phishing email because it mentioned “secret transactions”. But on the subsequent video …

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