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5 Feb 2024

Finance Worker Pays $25M After a Call From Deepfake 'CFO'

In an elaborate scam using deepfake technology, fraudsters tricked a finance worker at a multinational company into[ paying $25 million]( by posing as the firm's CFO during a fake video conference call. The worker, deceived by the realistic appearances and voices of colleagues generated by deepfakes, initiated a substantial financial transfer. This incident highlights the growing sophistication of fraud techniques utilizing AI and deepfake technology, raising significant concerns about identity theft and financial security.