Deepfake video conference convinces employee to send $25M to scammers

An advanced deepfake phishing scam has cost a multinational company over $25 million. The employee from the company’s Hong Kong branch was deceived by digitally manipulated images and voices of his colleagues on a conference call, later transferring a total of $25.6 million to different bank accounts. Cybersecurity experts have emphasized the need for updated security training and stringent protocols for money transfers in light of this sophisticated scam.