Security News > 2024 > February > Deepfaked video conference call makes employee send $25 million to scammers

A deepfake video conference call paired with social engineering tricks has led to the theft of over US$25 million from a multinational firm, the South China Morning Post has reported.

They have been later quelled by a group video conference to which the employee was invited.

Present in the video conference were the company's CFO, other company staff and even outsiders - or so it seemed.

Baron Chan Shun-ching, a superintendent with Hong Kong Police's cyber security division, told the SCMP that "During the video conference, the scammers asked the victim to do a self-introduction but did not actually interact with the person. The fake images on screen mainly gave orders before the meeting ended abruptly."

The scammers delivered additional instructions via IM, emails and one-on-one video calls.

As instructed, the employee sent a total of HK$200 million to five local bank accounts.

News URL

https://www.helpnetsecurity.com/2024/02/05/deepfake-video-conference-call/