Hong Kong police have disclosed a sophisticated fraud scheme where a finance worker at a multinational firm was conned into transferring USD25m to swindlers impersonating the company’s chief financial officer via a deepfake video call. The scam involved deepfake recreations of several staff members, convincing the employee of the call’s legitimacy. The incident came to light after the worker, initially wary of a message from the supposed CFO about a confidential transaction, was reassured by the lifelike appearance and voices of what he believed were his colleagues. Fooled into thinking the interaction was genuine, the worker proceeded to send HKD200m (USD25.6m). This case underscores the global concern over deepfake technology’s potential for harm, emphasising the importance of vigilance and improved security protocols.