A sophisticated “deepfake” fraud in northern China that employed advanced technology to induce a man to send money to a fictitious buddy has raised concerns about the potential for artificial intelligence techniques to aid financial crimes.
China has increased its examination of such technology and apps in response to an increase in AI-driven fraud, primarily involving the manipulation of voice and face data, and in January implemented new guidelines to legally safeguard victims. learn more
According to police in the Inner Mongolian city of Baotou, the criminal employed AI-powered face-swapping technology to impersonate a friend of the victim during a video call and received a transfer of 4.3 million yuan ($622,000).
He transmitted the funds under the impression that his acquaintance needed to make a deposit during a bidding process, according to a police statement issued on Saturday.
The individual only discovered he had been fooled once his companion claimed ignorance of the situation, according to the police, who said that they had recovered the majority of the stolen monies and were working to collect the remainder.
The instance sparked a debate on Weibo about the threat to internet privacy and security, with the hashtag “#AI scams are exploding across the country” receiving more than 120 million views on Monday.