Deepfake CFO Scam Costs Company $25 Million
February 2, 2024
A finance employee at a multinational was deceived into transferring $25 million by fraudsters using deepfake technology to impersonate the firm's CFO in a video call, according to the Hong Kong police.
- Alleged deployer
- unknown-deepfake-technology-developers
- Alleged developer
- unknown-deepfake-technology-developers
- Alleged harmed parties
- unnamed-multinational-company, unnamed-finance-employee
Source
Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/634
Data source
Incident data is from the AI Incident Database (AIID).
When citing the database as a whole, please use:
McGregor, S. (2021) Preventing Repeated Real World AI Failures by Cataloging Incidents: The AI Incident Database. In Proceedings of the Thirty-Third Annual Conference on Innovative Applications of Artificial Intelligence (IAAI-21). Virtual Conference.
Pre-print on arXiv · Database snapshots & citation guide
We use weekly snapshots of the AIID for stable reference. For the official suggested citation of a specific incident, use the “Cite this incident” link on each incident page.