"Multinational Firm Loses $200 Million to Deepfake Scammers in Hong Kong"

Scammers used deepfake technology to trick an employee at a multinational company in Hong Kong, resulting in a $25 million loss. The employee received a message from someone claiming to be the company's CFO and had a video call with deepfake versions of colleagues, leading to the transfer of $25.6 million to Hong Kong bank accounts. The scam was discovered a week later, and investigations are ongoing. This incident highlights the growing concerns around deepfake technology and the need for legislation to combat its misuse.