£20 Million Lost: Arup Hit by Deepfake Scam in Hong Kong

Arup, a leading UK engineering firm, fell victim to a sophisticated deepfake scam, resulting in a loss of £20 million. An employee in Hong Kong was deceived into sending this substantial amount to criminals during an AI-generated video call. This incident highlights the increasing sophistication of cyber-attacks utilizing deepfake technology to impersonate company officials and execute financial fraud.

Read more about this significant cyber threat on The Guardian here.