Company finance director nearly loses over US$499,000 to scammers using deepfake to impersonate CEO

Company finance director nearly loses over US$499,000 to scammers using deepfake to impersonate CEO

SINGAPORE: A company finance director almost lost over US$499,000 (S$672,000) last month in a business-related impersonation scam involving deepfake technology. The amount was successfully traced and withheld by the Singapore Police Force's (SPF) Anti-Scam Centre, with assistance from its Hong Kong counter

Finance director nearly loses $670k to scammers using deepfakes to pose as senior execs

He had joined a Zoom video call with the company’s CEO, who was impersonated using deepfake technology. Read more at straitstimes.com.

Woman plays along with scammers thinking she could outwit them

Woman plays along with scammers thinking she could outwit them, loses 90% of life savings in 4 days https://tinyurl.com/f7vds8z8

The technology that presents a significant threat to South Africa

The increasing use of ‘deepfakes’ presents a significant threat to South Africa and could lead to political unrest, financial fraud, and reputational damage. Accenture Africa security lead Boland Lithebe warned that deepfakes have terrifying implications for the country. “Imagine waking up to a video of the President announcing a national emergency that never happened. Or […]

Finance director nearly loses $670k..., Latest News - The New Paper

The police have urged businesses and employees to guard against scammers using deepfake technology to pose as senior executives, after a finance director of a multinational corporation nearly lost over US$499,000 (S$670,000)....

Finance director nearly loses SGD670k to scammers utilising deepfakes

SINGAPORE (ANN/THE STRAITS TIMES) – The police have urged businesses and employees to guard against scammers using deepfake technology to pose as senior executives, after a finance director of a multinational corporation nearly lost over USD499,000 (SGD670,000). In a statement on April 7, the police said that its Anti-Scam Centre (ASC) worked with the Hong […]