A Hong Kong-based artificial intelligence company, Arup, fell victim to a sophisticated deepfake scam, resulting in a staggering loss of $51 million. The scammers used AI-generated audio and video to impersonate the company’s director and request a transfer of funds. Despite the company’s robust security measures, the deepfake was convincing enough to deceive the employees. This incident highlights the potential risks posed by deepfake technology and the need for enhanced security protocols to combat such threats. Experts warn that as deepfake technology advances, it will become increasingly difficult to distinguish between real and fake media, underscoring the importance of raising awareness and implementing robust verification processes.
Source: https://www.cnn.com/2024/05/16/tech/arup-deepfake-scam-loss-hong-kong-intl-hnk/index.html