Scammers Exploit Deepfake Technology to Defraud Hong Kong Financial Institution of $25.6 Million
In a startling incident that sent shockwaves through the financial sector, scammers used deepfake technology to defraud an unnamed Hong Kong-based financial institution of a staggering $25.6 million. Hong Kong police have revealed that the perpetrators employed publicly available video clips of the company’s executives to create convincing deepfake versions, ultimately deceiving an unsuspecting finance…