A company lost $25.6 million because of a deepfaked conference call.

An employee of the company was invited to a group video call full of deepfaked company officers, including what appeared to be the company’s CFO, according to the South China Morning Post. The scammers then gave the employee orders to transfer the money to five separate Hong Kong bank accounts. This sort of fraud will only get worse, as crypto scam ads on YouTube and blackmail using deepfaked nudes have shown.