CFO Deepfake Dupes Hong Kong Finance Professional in $25 Million Fraud

A finance professional in Hong Kong was tricked into transferring $25 million of company funds after scammers used deepfakes to impersonate their London-based CFO on a video call. The fake CFO made urgent requests for money transfers, which the victim complied with after initially being suspicious but being reassured by other "colleagues" also on the call. Police believe the deepfakes were created using recordings of past genuine online conferences to seem more authentic. Deepfakes are becoming a rising scam and fraud threat as AI skills advance and incentives increase, moving past earlier reliance on simpler phishing tricks.