27 Arrested In $360 Million DeepFake Scam Syndicate
It’s happening. Hong Kong police have just decimated a fraud syndicate that was using deepfake technology and face swapping to steal over $360 million, or USD $46 million, from victims worldwide. Police said today that they arrested 27 people, including college students, who created a fake crypto trading platform to lure victims into Pig Butchering […]
Demo Shows How They’re Deepfaking KYC Checks
Cato CTRL security researchers recently discovered a new threat actor: ProKYC, which is selling deepfake tools that help fraudsters bypass KYC controls. The tool has primarily been customized to target cryptocurrency exchanges, but if it works, the software has broad implications for most sites that use automated KYC verification with selfies and driver’s licenses. The […]