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Hong Kong Video Deepfake Scam Nets HK$200 Million, Fraud Involved Simulation of Multiple Video Conference Participants
What is easily the most ambitious deepfake scam yet has taken place in Hong Kong, where attackers were able to convince an employee of an unnamed company to transfer HK$200 million (about $25 million) via a fake video conference populated by simulations of the CFO and other personnel. Fraud involving deepfake audio is increasingly common, but this is the first known scheme of this sort to incorporate fake representations of multiple people.