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Tech Advances Fuel Scams in Hong Kong

Emerging tech like deepfakes and crypto attacks fuel rising scams in Hong Kong, impacting its finance sector significantly.

by Lilu Anderson
Fri, Aug 9, 2024 10:30am
in Technology
• 2 mins read
13.9k
Tech Advances Fuel Scams in Hong Kong | FinOracle

Photo: Finoracle.net

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Deepfakes: A New Kind of Deception
Deepfakes are a technology that uses artificial intelligence (AI) to create fake videos or audio recordings that look and sound real. Imagine seeing a video of a famous person saying something outrageous, but it's completely fake. This technology is not only used for entertainment but also for scams. In Hong Kong, deepfake scams are on the rise, with criminals creating realistic fake videos to trick people. For example, scammers have used deepfakes to impersonate company executives in video calls, convincing employees to transfer large sums of money. Detecting these fakes can be challenging, but new tools are being developed to help, like the Deepfake Inspector, which checks videos for signs of manipulation.

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