00:00 It's Benzinga and here's what's on the block.
00:02 Finance professional in Hong Kong was tricked into transferring $25 million of company funds
00:08 after scammers used deepfakes to impersonate their London-based CFO on a video call.
00:14 The fake CFO made urgent requests for money transfers, which the victim complied with
00:18 after initially being suspicious about being reassured by other colleagues also on the
00:22 call.
00:23 Police believe the deepfakes were created using recordings of past genuine online conferences
00:27 to seem more authentic.
00:29 Deepfakes are becoming a rising scam and fraud threat as AI skills advance and incentives
00:34 increase, moving past earlier reliance on simpler phishing tricks.
00:38 A bipartisan bill introduced last week by US senators aims to give victims of non-consensual
00:43 AI-generated pornographic deepfakes the right to sue the creators of such videos.
00:48 For all things money, visit Benzinga.com.
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