JOURNAL ARTICLE

A deepfake 'CFO' tricked the British design firm behind the Sydney Opera House in $25 million scam.

  • Published In: Fortune.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Prakash, Prarthana 3 of 3

Abstract

The article focuses on Arup, a prominent London-based architecture and design firm, which recently fell victim to a multimillion-dollar deepfake fraud scheme. An employee in the Hong Kong office was deceived into transferring $25.6 million to fraudsters impersonating the company's CFO and other staff members via a video call. Although the incident did not compromise Arup's financial stability or internal systems, it highlights the growing sophistication of deepfake technology and the increasing prevalence of such scams targeting businesses. The article emphasizes the need for heightened awareness and vigilance against these evolving threats in the corporate landscape. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2024/05, pN.PAG
  • Document Type:Article
  • Subject Area:Architecture
  • Publication Date:2024
  • Accession Number:177326528
  • Copyright Statement:Copyright of Fortune.com is the property of Fortune Media (USA) Corporation and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.