Fraudsters Use Deepfake Tech To Steal $25M In Sophisticated Corporate Scam
Portfolio Pulse from Rounak Jain
A finance worker at a multinational corporation was tricked into transferring $25 million to fraudsters using deepfake technology to impersonate the company's CFO and other staff members. The scam was discovered after the transaction was verified with the company's head office. Hong Kong police have made six arrests related to such scams. Microsoft Corp. CEO Satya Nadella expressed concerns over the misuse of AI and called for safeguards.

February 05, 2024 | 12:27 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Microsoft Corp.'s CEO Satya Nadella expressed concerns over the misuse of AI following a $25 million scam involving deepfake technology.
While the article directly mentions Microsoft Corp. (MSFT) and CEO Satya Nadella's concerns over AI misuse, it does not directly link this event to Microsoft's business operations or financial performance. The mention of Microsoft's CEO calling for safeguards against AI misuse highlights the company's involvement in discussions around AI ethics and security, which could influence public perception but is unlikely to have a direct short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70