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Finance worker pays out $25 million after video call with deepfake ‘chief financial officer’ | CNN (edition.cnn.com)

submitted 7 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Finance worker pays out $25 million after video call with deepfake ‘chief financial officer’ | CNN::A finance worker at a multinational firm was tricked into paying out $25 million to fraudsters using deepfake technology to pose as the company’s chief financial officer in a video conference call, according to Hong Kong police.

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[–] Dagwood222@lemm.ee 19 points 7 months ago (1 children)

[off topic?]

Similar story from back in the 1980s. Reagan's deregulation of banks lead to a Wild West atmosphere where bankers felt encouraged to take big risks. [https://en.wikipedia.org/wiki/Neil_Bush] [https://en.wikipedia.org/wiki/Savings_and_loan_crisis]

One day, a smooth looking customer walks into a Texas bank. He had on the right suit, with the proper Texas power broker Stetson hat and ostrich skin cowboy boots. He had a thick business plan in a beautiful portfolio. He told the bank VP that his company was planning a huge expansion and wanted a bank that could expedite their plans. He asked if the bank could OK a $1 million loan in one business day. The VP assured him they could, and the next morning they presented him with a check. He walked out and was never heard from again.

[–] andrew_bidlaw@sh.itjust.works 3 points 7 months ago (1 children)

Thank you for the additional read. I always wondered if I could do something like that. Just for the sake of it, with research, dreasing, acting and managing the right speech\behavior patterns to calm down their alerts. I'd honestly buy a game about that, like a reverse LA Noire. I think many millenials and zoomers would love to play-pretend they aren't themselves for a moment, see the popularity of Mafia in their generation at least in x-USSR: https://en.m.wikipedia.org/wiki/Mafia_(party_game)

[–] Dagwood222@lemm.ee 4 points 7 months ago

One of the most savage takedowns of the corporate mindset in American history is a Broadway musical "How To Succeed In Business Without Really Trying."

The hero's first step to the top is to find a company that is so big that no one person has any idea of what is actually going on.

I can think of a dozen recent cases where someone simply lied their way into a billion dollars; the cyptocurrency bank guy and the blood test lady spring to mind.