Recently, UK engineering group Arup was tricked into transferring $25mn to fraudsters who used a digitally cloned, or deepfake, version of a senior manager during a video conference in Hong Kong. This crime is the latest in this trend.
As far back as 2019, criminals used artificial intelligence to impersonate a CEO of a UK-based energy firm in order to steal $240,000. That attempt was unsuccessful. However, one year later, the branch manager of a Japanese company in Hong Kong was tricked into transferring $35mn after receiving instructions from a deepfaked voice of a director of his parent company.
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