$25 Million Stolen Using Deepfakes in Hong Kong: Incode’s Passive Liveness Technology, Shield Against Advanced Fraud

The Incident: A Deepfake Scam in Hong Kong In early February 2024, Hong Kong police reported a case where deepfake technology was employed to execute a multimillion-dollar fraud. The scammers orchestrated a video conference call, using deepfakes to impersonate the chief financial officer and other staff members of a multinational firm, convincing a finance worker […]