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Deepfake scam video cost company $26 mnl; Tencent fires 120 for fraud
Scammers tricked a multinational firm out of some $26 million by impersonating senior executives using deepfake technology, Hong Kong police said Sunday, in one of the first cases of its kind in the city.
Law enforcement agencies are scrambling to keep up with generative artificial intelligence, which experts say holds potential for disinformation and misuse -- such as deepfake images showing people mouthing things they never said.
A company employee in the Chinese finance hub received "video conference calls from someone posing as senior officers of the company requesting to transfer money to designated bank accounts", police told AFP.
Police received a report of the incident on January 29, at which point some HK$200 million ($26 million) had already been lost via 15 tran