A Chinese multinational lost $26 million because of this scam, where an employee believed he was speaking to executives in its financial department. A deepfake is a video or audio recording made or modified using artificial intelligence.
It has the potential for misinformation and misuse, such as deepfake images showing people saying things they never said. The victim worked in the finance department and the scammers posed as the company's finance director, based in the UK. The deepfake videos were pre-recorded and did not involve any dialogue or interaction with the victim, he added.