Best Reading of the Day
Oh boy.
A sophisticated phishing scam hit a Hong Kong company - as yet undisclosed - and convinced an employee to move HK$200 Million, or about $25 USD Million, to a variety of banks.
Deep fake technology, including accurate voices, on a video conference call simulated the Chief Financial Officer and a number of other employees and convinced the real life employee to make the transfer.
Phew!
The days of shootouts in banks are way behind us.
Here's the story:
arstechnica.com -first-of-its-kind-ai-heist/
And here is a snippet from that piece:
The scam was initially uncovered following a phishing attempt, when an employee in the finance department of the company's Hong Kong branch received what seemed to be a phishing message, purportedly from the company’s UK-based chief financial officer, instructing them to execute a secret transaction.
Happy Reading,
J.W. Gant
