The Straits Times reported:
Another Deepfake resulting in a successful fraudulent payment.
He was told to participate in a video conference on a supposed restructuring of the firm’s regional business on March 26 as well as to link up with an executive partner of a law firm.
Later, he received a call from a man pretending to be the lawyer, who told him the importance of the project and the need for confidentiality. He was then made to sign a non-disclosure agreement.
He joined the Zoom video conference with the company’s chief executive officer and other stakeholders, who were impersonated using deepfake technology.
At the video conference and through subsequent correspondence with the fake lawyer, the victim was instructed to transfer over US$499,000 from the company’s HSBC bank account to another local corporate bank account, which he carried out on March 26.
Find the original article to find out how the money was recovered here.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
Another Deepfake resulting in a successful fraudulent payment.
He was told to participate in a video conference on a supposed restructuring of the firm’s regional business on March 26 as well as to link up with an executive partner of a law firm.
Later, he received a call from a man pretending to be the lawyer, who told him the importance of the project and the need for confidentiality. He was then made to sign a non-disclosure agreement.
He joined the Zoom video conference with the company’s chief executive officer and other stakeholders, who were impersonated using deepfake technology.
At the video conference and through subsequent correspondence with the fake lawyer, the victim was instructed to transfer over US$499,000 from the company’s HSBC bank account to another local corporate bank account, which he carried out on March 26.
Find the original article to find out how the money was recovered here.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat