Issued by AICPA Forensic Accounting Technology & Analytics (FATA) Task Force
News
FATA News Alert: Deepfake A.I. Heist of $25M
Aug 23, 2024 · 2 min read
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FATA News Alert
Contributing Author(s): Emily Chee, CPA, CMA, CITP, CISA, CFF, CFE; Tony Harris, CISSP, SC-100, CRISC; and Viola Pang, CPA, CISA
In the News: Deepfake A.I. Heist of $25M ¹ ²
Background:
On February 4, 2024, the South China Morning Post reported a story about a significant financial loss suffered by a multinational company's Hong Kong branch. The total loss and damage amounted to HK$200 million (US$25.6