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Video call with deepfake ‘CFO’ leads to $25m loss for global firm

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Photo: Smith Collection/Gado/Getty Images

Julie DiMauro

2 min read
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An employee at a multinational firm was duped into paying $25m to fraudsters using deepfake tech and posing as the company’s CFO in a video call.

A multinational company lost HK$200m ($26m) after scammers fooled an employee in Hong Kong with a fake group video call created using deepfake technology, the South China Morning Post reported on Sunday.

The scammers fabricated representations of the company’s chief financial officer and other people in the video

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