HISPI Project Cerebellum HISPI PROJECT CEREBELLUM

Scammers Reportedly Using Deepfake Video Calls to Impersonate Executives in Singapore and Orchestrate Corporate Bank Transfers

March 13, 2025

Deepfakes, generated using AI, have reportedly been used by scammers in Singapore to impersonate corporate executives via video calls. These deceptive calls aim to trick employees into authorizing unauthorized bank transfers. Typically, victims receive WhatsApp messages inviting them to Zoom meetings where they are led to believe they are speaking with senior leaders. The scammers then instruct the employees to transfer company funds for fake business transactions and disclose personal data. This incident underscores the importance of trustworthy AI, including the need for robust governance and guardrails in AI systems, as well as careful attention to potential harm prevention within corporate environments. For those interested in shaping the future of safe and secure AI practices, we invite you to join HISPI Project Cerebellum and contribute to our AI incident database and TAIM efforts.

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Matched TAIM controls

Suggested mapping from embedding similarity (not a formal assessment). Browse all TAIM controls

Alleged deployer
scammers-impersonating-singaporean-executives, unknown-scammers
Alleged developer
unknown-deepfake-technology-developers
Alleged harmed parties
executives-in-singapore, employees-in-singapore, general-public-of-singapore, companies-in-singapore

Source

Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/982

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.