When Algorithms Steal: How AI is Rewriting the Rules of Financial Fraud in India
Introduction In February 2024, a finance worker at a multinational firm’s Hong Kong office transferred USD 25 million to fraudsters after attending what happened to be a routine video conference call with the company’s Chief Financial Officer and several colleagues. The catch? Every person on that call, except the victim, was an AI-generated deepfake. It is reportedly one of the largest deepfake fraud cases recorded to date and it signals a fundamental shift in the landscape
Sarandeep Singh
19 hours ago