A Hong Kong CFO was tricked into wiring $26 million after scammers used deepfake video and audio of his boss. Deepfakes are now used in romance scams and to target wealthy or elderly people. The technology is advancing fast and most people can't spot it.
Can you give us a couple other examples, especially in the professional world, of how deepfakes are being maliciously used?
So one of the, I would guess, watershed cases earlier in 2024 was a Hong Kong-based company that their CFO got deepfaked, and I think the equivalent of $26 million was wired based upon both video and audio commands of a person probably on the other side of that real time. Having a conversation like this conversation where, you know, if it doesn't seem right, you can say, "Oh no, bravo, what I meant to say." You can actually correct yourself. You know, a lot of people don't even know it's possible 'cause the technology is moving a bit fast. So other examples might be, and this is more on the personal side, but romance scams, threat actors, cyber criminals going after elderly, well-to-do, or rich individuals for financial fraud.
