A company loses $25 million due to deceiving an employee through deepfake technology. In January, an employee in the company's financial department received a letter from someone who said he was the UK-based company's chief financial officer.
Based on the instructions they received during that call, the employee transferred 200 million Hong Kong dollars, equivalent to 25.6 million US dollars, to various bank accounts in Hong Kong through 15 transfers. A week passed since the fraud, before the employee contacted company's headquarters to confirm.