October 17, 2024 at 04:14PM Hong Kong police arrested 27 individuals in a deepfake scam that deceived victims out of $46 million. The criminals used AI technology to create fake personas for online dating, employing real-time deepfakes during video calls. Police seized equipment and funds, linked some recruits to the Sun Yee On crime gang. … Read more
August 14, 2024 at 01:54PM Deepfake videos of UK’s Prime Minister Keir Starmer and Prince William are being used to promote the fraudulent cryptocurrency platform “Immediate Edge” on Meta platforms. The AI-generated videos falsely endorse the platform, deceiving viewers into thinking they will receive money. Researchers found that these ads have reached over 891,834 people, … Read more
February 9, 2024 at 11:58AM Finance worker in Hong Kong was scammed out of $25 million by deepfake video conference impersonating company’s CFO. Trend Micro previously warned about this type of fraud. Increasing accessibility to deepfake technology and AI-powered fraud is heightening the risk. Organizations need to strengthen processes, collaborations, and defense technology to defend … Read more