Deepfake Scam Alert! Fraudsters ‘Fake’ Video Meet To Swindle Company Out Of $25 Million

News Snapshot:

We have seen how deepfakes have proliferated the internet, imitating some of the most popular people around for a nefarious agenda, and sometimes even for the purpose of defrauding unsuspecting people. But what if we told you that scammers in Hong Kong were able to fake a video meeting using deepfake technology and in the process, steal a whopping $25.6 million? According to a report by the South China Morning Post, the same happened to a company based in Hong Kong, wherein scammers used rapidly advancing deepfake technology to fool the company’s local branch during a fake and manipulated video...