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Cybersecurity expert says the next generation of identity theft is here: 'Identity hijacking'

Cybersecurity expert says the next generation of identity theft is here: 'Identity hijacking'
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Company Loses $25 Million in Deepfake Scam Amid Global Rise in Fraudulent Activities

The elaborate scam involving a deepfake video conference call came to light following a phishing attempt after which Hong Kong police launched a probe into the scam.

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Man at work tricked by deepfake scam into paying out $25 million

A finance worker at a multinational was tricked by a deepfake scam into paying out $25 million of company funds

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Deepfake scammers con Hong Kong company out of $26 million

Con artists used fake video impersonating company execs to request bank transfer

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Scammers trick firm out of $26 million by impersonating senior executives using deepfakes

Law enforcement agencies are scrambling to keep up with generative artificial intelligence

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