Scammers successfully stole HK$200 million (approximately $25.6 million) from a multinational company in Hong Kong by using a deepfake video call to deceive an employee into transferring the funds. The finance employee attended a video conference call with deepfake recreations of the company’s Chief Financial Officer (CFO) and other employees who instructed him to transfer the funds. The employee initiated a series of 15 bank transfers to five different Hong Kong accounts totaling HK$200 million.
The employee discovered the scam a week later and notified the company and local authorities.
The identity of the company wasn’t revealed.
The investigation is still ongoing, the police have yet to identify the gang behind the scam
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