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.

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