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Rising Concerns Over Deepfake Technology Misuse in $25 Million Scam

Finance worker pays out $25 million after video call with deepfake ‘chief financial officer’ | CNN 🔗

A finance worker at a multinational firm was tricked into paying out $25 million to fraudsters using deepfake technology to pose as the company’s chief financial officer in a video conference call, according to Hong Kong police.

A finance worker at a multinational firm was deceived into transferring $25 million to fraudsters who used deepfake technology to impersonate the company's chief financial officer in a video conference call. The scam involved AI deepfakes tricking facial recognition programs and using stolen identity cards for fraudulent activities. This incident raises concerns about the growing sophistication and misuse of deepfake technology, as seen in other recent cases, including the spread of AI-generated pornographic images of Taylor Swift on social media platforms.

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