A multinational corporation in Hong Kong was blindsided by a massive $25.6 million scam orchestrated using sophisticated deepfake technology, as reported recently. Hong Kong police disclosed that the scam involved a multi-person video conference where all participants, except the victim, were deepfake creations. This incident sheds light on the growing concerns surrounding deepfake technology, which employs artificial intelligence to manipulate visual and audio content with alarming authenticity. Over the span of a week, the scam unfolded, with scammers flawlessly mimicking voices and appearances, leading to the victim making 15 unauthorized transfers totaling $25 million.
#deepfakescam #deepfakevideo #deepfake
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#deepfakescam #deepfakevideo #deepfake
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NewsTranscript
00:00 Recently we have seen the Deepfake photo videos of film actors and politicians.
00:05 You must have remembered the video of Rashmika Mandana in Deepfake photo or videos.
00:10 Rashmika Mandana's face was replaced by another girl's face, which was also in a lot of discussion.
00:15 But now the matter has gone a little further.
00:18 Cyber criminals are taking the support of Deepfake to cheat people.
00:22 You will be surprised to know that using Deepfake, criminals have committed a scam of 200 crores.
00:30 And this is the biggest scam in the world so far done by Deepfake.
00:34 Hi this is Bhavna and you are watching Goodreturns.
00:37 In this video, we will know how such a big scam was done.
00:43 Actually, a multinational company in Hong Kong had to incur a loss of crores due to Deepfake.
00:48 The criminals set up such a trap that the company's employee did not even notice it.
00:53 And the company was hit by a rat of about 200 crores.
00:57 Let's tell in a consistent way how this incident was finally given.
01:02 Actually, a working employee in the company's finance department had received a phishing message.
01:09 This message came from the name of UK-based CFO, CFO means Chief Financial Officer.
01:15 This phishing message came from his name to that employee.
01:18 In which a secret transaction was said to be done.
01:22 Although the employee had a little doubt on this message.
01:25 Now, the cyber criminals also knew that such a big amount would not be transacted by saying such a secret.
01:32 That's why they immediately took the employee of the finance department to a Zoom meeting.
01:38 They had changed the audio and video footage of the employees of the company present online through Deepfake.
01:45 They had even made a clone of the company's Chief Financial Officer, that is, CFO.
01:51 And made its Deepfake version.
01:54 The employee was included in the video conference and he was victim of this trap.
01:59 During the call, he found the presence of the company's employees in Deepfake to be real.
02:05 In which he was called for the transaction.
02:07 He had to obey the instructions, that is, the employee of the company was deceived and the video conference was held.
02:13 In which all the people present were fake.
02:16 The criminals had made Deepfake fake people.
02:19 And only the victim employee was real in that meeting.
02:24 He transferred 25 million dollars, that is, about 200 crores, in 15 times to 5 different bank accounts in Hong Kong.
02:32 Possibly, he is one of the biggest Deepfake cheaters in the world.
02:36 The police is investigating this case.
02:38 But no one has been arrested yet.
02:42 So, because of Deepfake, not only the face is not being replaced.
02:46 In fact, you will see that this is also being done to the cheater.
02:50 And such a big multinational company.
02:53 Its employees were deceived and they made a transaction of 200 crores in the Hong Kong bank.
02:59 That's why you also need to be very careful.
03:03 You should make a complete confirmation and only after that you should make a transaction.
03:09 That's all you got this information in the video.
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