Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Technology
Pragati Singh

Company Loses $25 Million in Deepfake Scam Amid Global Rise in Fraudulent Activities

Following preliminary investigations, the case has been categorised as "obtaining property by deception". (Credit: Pixabay)

Hong Kong authorities have initiated an inquiry following allegations made by an employee at an undisclosed corporation, who asserted that she fell victim to a sophisticated scam involving a deepfake video conference call, resulting in the transfer of HK$200 million (£20 million) from her company's funds to fraudsters.

The Hong Kong Police Force confirmed receiving a report from the said employee, stating that she was misled into executing the transfer by individuals impersonating high-ranking company officials.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.