A HK$200 Million Scam of AI Deepfakes in E-conference

Case Background Few days ago, a clerk working for the Hong Kong branch of a multinational company fell prey to an AI-fraud from a video conference where every participant, except the clerk, was an AI generated deepfake. These eerily realistic avatars mimicked colleagues’ voices and appearances so the clerk unwittingly made 15 transactions, transferred total...

Fake QR Code? Payment Fraud? Apps Hacking?

Case Background In Beijing China, there is a similar Octopus app called RuuByPay (億通行) which provides QR code payment, promotions with banks, etc. RuuByPay launched a new QR code payment promotion "亿通行1分钱坐地铁优惠领取" in China, which is generated by specific keys on the app. The key is hardcoded because of the unstable subway's network, so It...

Photoshop could be a tool for scammers?

Case Background 1 month ago, the officers from the Kwun Tong Police District arrested two people on suspicion of fraud. The suspects started using a photo editing app to forge receipts in October last year. They uploaded more than 200 fake shopping receipts to one of the known Group in Hong Kong to launch their...

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