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Effective URL: https://edition.cnn.com/2024/02/04/asia/deepfake-cfo-scam-hong-kong-intl-hnk/index.html
Submission: On May 21 via api from US — Scanned from DE
Effective URL: https://edition.cnn.com/2024/02/04/asia/deepfake-cfo-scam-hong-kong-intl-hnk/index.html
Submission: On May 21 via api from US — Scanned from DE
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CNN VALUES YOUR FEEDBACK 1. How relevant is this ad to you? 2. Did you encounter any technical issues? Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues Ad never loaded Ad prevented/slowed the page from loading Content moved around while ad loaded Ad was repetitive to ads I've seen previously Other issues Cancel Submit Thank You! Your effort and contribution in providing this feedback is much appreciated. Close Ad Feedback Close icon World Africa Americas Asia Australia China Europe India Middle East United Kingdom More Africa Americas Asia Australia China Europe India Middle East United Kingdom Watch Listen Live TV Sign in My Account * Settings * Topics You Follow * Sign Out Your CNN account Sign in to your CNN account Sign in My Account * Settings * Topics You Follow * Sign Out Your CNN account Sign in to your CNN account -------------------------------------------------------------------------------- Live TV Listen Watch -------------------------------------------------------------------------------- Edition US International Arabic Español Edition * US * International * Arabic * Español -------------------------------------------------------------------------------- Africa Americas Asia Australia China Europe India Middle East United Kingdom Follow CNN * * * * * -------------------------------------------------------------------------------- * World * Africa * Americas * Asia * Australia * China * Europe * India * Middle East * United Kingdom * US Politics * SCOTUS * Congress * Facts First * 2024 Elections * Business * Tech * Media * Calculators * Videos * Markets * Pre-markets * After-Hours * Market Movers * Fear & Greed * World Markets * Investing * Markets Now * Before the Bell * Nightcap * Health * Life, But Better * Fitness * Food * Sleep * Mindfulness * Relationships * Entertainment * Movies * Television * Celebrity * Tech * Innovate * Gadget * Foreseeable Future * Mission: Ahead * Upstarts * Work Transformed * Innovative Cities * Style * Arts * Design * Fashion * Architecture * Luxury * Beauty * Video * Travel * Destinations * Food & Drink * Stay * News * Videos * Sports * Football * Tennis * Golf * Motorsport * US Sports * Olympics * Climbing * Esports * Hockey * Watch * Live TV * CNN Fast * Shows A-Z * CNN10 * CNN Max * CNN TV Schedules * Features * As Equals * Call to Earth * Freedom Project * Impact Your World * Inside Africa * 2 Degrees * CNN Heroes * All Features * Weather * Climate * Wildfire Tracker * Video * Ukraine-Russia War * Israel-Hamas War * More * Photos * Longform * Investigations * CNN Profiles * CNN Leadership * CNN Newsletters * Work for CNN Ad Feedback World / Asia FINANCE WORKER PAYS OUT $25 MILLION AFTER VIDEO CALL WITH DEEPFAKE ‘CHIEF FINANCIAL OFFICER’ By Heather Chen and Kathleen Magramo, CNN 2 minute read Published 2:31 AM EST, Sun February 4, 2024 Link Copied! Authorities are increasingly concerned at the damaging potential posed by artificial intelligence technology. boonchai wedmakawand/Moment RF/Getty Images CNN — A finance worker at a multinational firm was tricked into paying out $25 million to fraudsters using deepfake technology to pose as the company’s chief financial officer in a video conference call, according to Hong Kong police. The elaborate scam saw the worker duped into attending a video call with what he thought were several other members of staff, but all of whom were in fact deepfake recreations, Hong Kong police said at a briefing on Friday. “(In the) multi-person video conference, it turns out that everyone [he saw] was fake,” senior superintendent Baron Chan Shun-ching told the city’s public broadcaster RTHK. Ad Feedback Chan said the worker had grown suspicious after he received a message that was purportedly from the company’s UK-based chief financial officer. Initially, the worker suspected it was a phishing email, as it talked of the need for a secret transaction to be carried out. However, the worker put aside his early doubts after the video call because other people in attendance had looked and sounded just like colleagues he recognized, Chan said. Hong Kong's famous skyline. Dale De La Rey / AFP Believing everyone else on the call was real, the worker agreed to remit a total of $200 million Hong Kong dollars – about $25.6 million, the police officer added. Ad Feedback The case is one of several recent episodes in which fraudsters are believed to have used deepfake technology to modify publicly available video and other footage to cheat people out of money. At the press briefing Friday, Hong Kong police said they had made six arrests in connection with such scams. Chan said that eight stolen Hong Kong identity cards – all of which had been reported as lost by their owners – were used to make 90 loan applications and 54 bank account registrations between July and September last year. On at least 20 occasions, AI deepfakes had been used to trick facial recognition programs by imitating the people pictured on the identity cards, according to police. The scam involving the fake CFO was only discovered when the employee later checked with the corporation’s head office. Tom Tillotson votes just after midnight during the traditional first vote of of the state's primary in Dixville Notch, New Hampshire on Jan. 23, 2023. Nikki Haley, former U.N. Ambassador and Republican presidential candidate, won all 6 of the city's votes. (Photo by Nathan Howard/Sipa USA)(Sipa via AP Images) Nathan Howard/Sipa USA/AP Related article The deepfake era of US politics is upon us Hong Kong police did not reveal the name or details of the company or the worker. Authorities across the world are growing increasingly concerned at the sophistication of deepfake technology and the nefarious uses it can be put to. At the end of January, pornographic, AI-generated images of the American pop star Taylor Swift spread across social media, underscoring the damaging potential posed by artificial intelligence technology. The photos - which show the singer in sexually suggestive and explicit positions - were viewed tens of millions of times before being removed from social platforms. 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Here’s what happens next Opinion: I changed my mind about the strength of the prosecution’s ... 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