arrow_first

Hong Kong firm’s $25.6 million deepfake scam raises alarm to improve fraud control

An employee of the unknown firm’s finance team was instructed by deepfake ‘managers’ in a meeting to transfer HK$200 million to a designated account. CT talked to experts on how corporates can learn from the case, which could include phone calls and written messages.
Hong Kong firm’s $25.6 million deepfake scam raises alarm to improve fraud control

The Hong Kong Police on January 29 received a report from a staff member of a company, which was not specified by name, that the company was deceived of around HK$200 million ($25.6 million) in a scam.

Sign-in to access CorporateTreasurer content.

Please sign in to your subscription to unlock full access to our premium CT resources.

Free Registration & 7-Day Trial

Register now to enjoy a 7-day free trial. Click the link to get started.

Note: This free trial is a one-time offer. You are eligible for one free trial per year.

If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.

Questions?

If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.
© Haymarket Media Limited. All rights reserved.
Sign up for CorporateTreasurer’s Newsletter
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
Become a CorporateTreasurer Subscriber
for unlimited access to all articles, newsletters