Hong Kong MNC suffers $25.6 million loss in deepfake scam
Sophisticated deepfake scam ensnares Hong Kong multinational, resulting in $25.6 million loss. Perpetrators utilize AI to mimic company officials, orchestrating convincing video conference deception. Victim executes transfers under guise of authenticity, revealing scam upon closer scrutiny. Law enforcement launches investigation, emphasizing caution and verification measures. Incident highlights evolving cyber threats, underscores need for heightened vigilance and security protocols against deepfake scams.
Source: indiatimes.com