News > Company loses Rs 200 crore in deepfake scam via fake CFO video call

Company loses Rs 200 crore in deepfake scam via fake CFO video call

The prevalence of deepfakes on the internet often impersonating prominent figures for malicious intent has become increasingly alarming. In Hong Kong, scammers fabricated a video meeting where all individuals participating in the video calls except for the victim were fake representations of actual people. This incident underscores the significant risks posed by deepfake technology and highlights the urgent need for measures to combat its misuse.