With the power of AI, social engineering tactics just keep getting harder to stay on top of. A finance worker in Hong Kong working at a multinational firm was tricked into paying out $25 million to fraudsters posing as the company’s CFO on a video conference call.
The scam was so elaborate it included not just deepfakes of the CFO, but several deepfaked colleagues. Initially, the worker suspected it was a phishing email, but they quickly squashed those doubts after the video call because other people in attendance had looked and sounded just like his colleagues.
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