When “the CFO” on video is not the CFO

When “the CFO” on video is not the CFO

In 2024, a finance worker at a multinational firm in Hong Kong received a video call from the company’s Chief Financial Officer. The request was sensitive but not unusual. On the screen, the worker could see the CFO’s face, and other colleagues appeared to be sitting in the video conference as well. It looked like a normal corporate meeting. It felt real. It wasn’t. The worker was the only human being on a call populated entirely by deepfakes. By the time the deception was discovered, $26 million had vanished.

This is a family-scam version of a hard truth: authenticity is getting harder to verify, and people are already learning to hesitate before answering unknown calls. Deepfake videos are getting real, and that makes trust more expensive.

Gobble's Take: When a familiar face can appear in a meeting and still be fake, it pays to slow down before acting on any money request.
Source: Trust Recession

In Case You Missed It

Yesterday's top stories:

• Nigerian Suspects Arrested in AI Romance Scam Targeting Older Women in Thailand
• A Family Code Word Is One of the Best Defenses Against AI Voice Cloning — and It Takes Five Minutes to Set Up
• Israel's National Cyber Authority Warns of Deepfake Videos Impersonating the Chief Rabbi to Sell Fake Medical Products