deepfake technology

Employees followed instructions given during the meeting and made 15 transfers totalling HK$200 million (Rs 212 crore) to five Hong Kong bank accounts. A deepfake video conference call where a digitally recreated avatar of the Chief Financial Officer (CFO) ordered money transfers has cost a multinational company $25.6 million (Rs 212 crore), in a first-such scam.Employees at the company’s Hong Kong office were fooled by scammers who created digitally altered versions of the company’s Chief Financial Officer…

Scammers tricked a multinational firm out of some $26 million by impersonating senior executives using deepfake technology, Hong Kong police said Sunday, in one of the first cases of its kind in the city.Law enforcement agencies are scrambling to keep up with generative artificial intelligence, which experts say holds potential for disinformation and misuse -- such as deepfake images showing people mouthing things they never said. A company employee in the Chinese finance hub received "video conference calls from someone…

Following meetings with tech companies on 22-23 November, Union IT minister Ashwini Vaishnaw and minister of state for IT Rajeev Chandrasekhar issued the advisory. The move is in response to a series of deepfake incidents targeting prominent actors and politicians on social media platforms. “Content not permitted under the IT Rules, in particular those listed under Rule 3(1)(b), must be clearly communicated to the users in clear and precise language, including through its…

Image Source : FREEPIK Deepfake With the rising cases of Deepfake photos and videos, the IT Ministry is set to issue advisories to social media intermediaries in the next two days. This will ensure 100 per cent compliance for tackling deepfake content on social media and save people from any misinformation, Rajeev Chandrasekhar the Minister of State for Electronics and…

In the realm of cybercrime, a pressing warning from authorities is echoing globally about the rising menace of deepfake videos. Potent tools are being used, manipulated by malevolent entities, to extract money from unsuspecting victims. The World Economic Forum (WEF) has already sounded the alarm, revealing an alarming surge in deepfake videos, which is rising at an annual rate of 900 percent. Amit Gupta, the Vice President of Product Management, Research, and Engineering at Pindrop, a cybersecurity powerhouse, laid…

The government will assist citizens in filing FIR against social media platforms for violation of IT rules in case they are aggrieved from objectionable content like deep fakes. Minister of State for Electronics and IT Rajeev Chandrasekhar said the Ministry of Electronics and Information Technology (Meity) will develop a platform on which users can notify about IT rule violation by social media platforms. India to establish government watchdog to combat deepfakes and misinformationMoS Electronics & Technology Rajeev…

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New rules went into effect in China on Tuesday to regulate the use of deepfakes, the increasingly realistic digital video manipulations that have sparked disinformation fears around the globe. New rules went into effect in China on Tuesday to regulate the use of deepfakes, the increasingly realistic digital video manipulations that have sparked disinformation fears around the globe. Deepfake technology allows users to replace one person's face with another in a video, or to put words into a speaker's mouth, with at…