Deepfake scammers tricked an employee at a multinational firm into sending over $25 million of company funds, stated Cointelegraph. This is expected to have impersonated many company executives in an online video meeting.
Sources revealed that the scammers used several deepfaked company executives to convince the employee to send $25.5 million of the firm’s funds. The amount is expected to have been initiated through 15 transactions to five bank accounts.
“I believe the fraudster downloaded videos in advance and then used artificial intelligence to add fake voices to use in the video conference. The people in the video conference looked like real people,” Baron Chan, acting senior superintendent, police force’s cybersecurity division, explained.
It is believed that deepfakes recently caught the attention of United States lawmakers following the circulation of fake photos of Taylor Swift. Furthermore, Joe Morelle, representative, United States, wants to criminalise the production of deepfake images in the country, concluded Cointelegraph.
(With insights from Cointelegraph)
