Asia | South-East Asia’s criminal scams

Suck up to your fake CEO

The deepfake scam explosion has only just begun

Singapore Prime minister Lee Hsien Loong's Facebook post refuting a deepfake video scam that appeared online
A deepfake of Lee Hsien LoongPhotograph: Facebook
|Singapore

It seemed like just another video call. Earlier this year, a finance worker based in Hong Kong for Arup, a British engineering firm, logged in for what he thought was a routine team meeting. On the screen, he saw several colleagues, including the firm’s chief financial officer, who instructed him to transfer $26m to five different bank accounts. He complied. But the man on the call was not Arup’s CFO: it was a deepfake.

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This article appeared in the Asia section of the print edition under the headline “Suck up to your fake CEO”

From the October 26th 2024 edition

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