According to a report by Radio Television Hong Kong (RTHK), scammers have used deepfake technology in a carefully orchestrated scheme to deceive employees of a multinational corporation and transfer HKD 200 million (approximately USD 2.55 million) of company funds.
Acting Senior Superintendent of the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force, Chan Chun-ching, stated that the incident began last month when a finance officer of the Hong Kong branch of the multinational corporation received a message purportedly from the company’s finance director in the UK, inviting the victim to participate in a multi-person video conference to discuss a confidential transaction.
The fraudsters used artificial intelligence deepfake technology to impersonate multiple individuals during the online conference and deceived the finance officer into transferring the company’s HKD 200 million funds through 15 transactions into 5 bank accounts. Chan Chun-ching believes that the scammers utilized publicly available videos of the company’s senior management on the internet to create deepfake images.
The employee only realized that he had been deceived after consulting with the company’s headquarters. The police stated that this is the first such case in Hong Kong amidst a sharp increase in deepfake scams. Chan Chun-ching emphasized, “We hope to remind the public to be vigilant against these new deceptive techniques.”
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