British Engineering Giant Arup Revealed as $37 Million Deepfake Scam Victim
9News
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Details
- Date Published
- 18 May 2024
- Priority Score
- 3
- Australian
- No
- Created
- 8 Mar 2025, 01:04 pm
Description
<p>A British multinational design and engineering company behind world-famous buildings such as the Sydney Opera House has confirmed it was the target of a deepfake scam that led to one of its Hong Kong employees paying out $37 million to fraudsters.</p>
Summary
The article details a sophisticated deepfake scam that resulted in the British multinational design and engineering firm Arup losing $37 million to fraudsters. The incident underscores the growing threat of deepfake technology and its potential misuse in committing large-scale fraud. The scam involved using computer-generated video and audio to impersonate company officials, convincing a Hong Kong employee to transfer the substantial sum. Although Arup's financial stability was not compromised, the event highlights the escalating sophistication of cyber threats, which is a growing concern for global authorities, emphasizing the need for robust AI safety and security measures.
Body
A British multinational design and engineering company behind world-famous buildings such as the Sydney Opera House hasconfirmed that it was the target of a deepfake scamthat led to one of its Hong Kong employees paying out $37 million ($US25 million) to fraudsters.A spokesperson for London-based Arup told CNN on Friday that it notified Hong Kong police in January about the fraud incident, and confirmed that fake voices and images were used."Unfortunately, we can't go into details at this stage as the incident is still the subject of an ongoing investigation. However, we can confirm that fake voices and images were used," the spokesperson said in an emailed statement.READ MORE:Family of US airman shot by police claim deputy went to wrong homeBritish company Arup has confirmed it was the victim of a deepfake scam in Hong Kong.boonchai wedmakawand/Moment RF/Getty Images/CNN(boonchai wedmakawand/Moment RF/Getty Images/CNN )"Our financial stability and business operations were not affected and none of our internal systems were compromised," the person added.Hong Kong police said in February that during the elaborate scam the employee, a finance worker, was duped into attending a video call with people he believed were the chief financial officer and other members of staff, but all of whom turned out to be deepfake re-creations.READ MORE:Man missing for 26 years found captive in cellarThe authorities did not name the company or parties involved at the time.According to police, the worker had initially suspected he had received a phishing email from the company's UK office, as it specified the need for a secret transaction to be carried out.READ MORE:Kim's sister denies North Korea has supplied weapons to RussiaCan you pick the Black Friday scam text message?View GalleryHowever, the worker put aside his doubts after the video call because other people in attendance had looked and sounded just like colleagues he recognised.He subsequently agreed to send a total of 200 millionHong Kongdollars — about $37 million.The amount was sent across 15 transactions, Hong Kong public broadcaster RTHK reported, citing police."Deepfake" normally refers to fake videos that have been created using artificial intelligence (AI) and look extremely realistic.Earlier this year, pornographic AI-generated images of pop star Taylor Swift spread across social media, underscoring the damaging potential posed by AI technology.Arup consulted on the structural engineering of the Sydney Opera House during its construction(Saeed KHAN/AFP/Getty Images via CNN)Attacks 'rising sharply'As a top engineering consulting firm, Arup has 18,500 employees across 34 offices around the world.It was responsible for landmarks such as the Bird's Nest stadium, site of the 2008 Beijing Olympic Games.READ MORE:Netflix quietly hikes prices for Australian subscribers"Like many other businesses around the globe, our operations are subject to regular attacks, including invoice fraud, phishing scams, WhatsApp voice spoofing, and deepfakes."What we have seen is that the number and sophistication of these attacks has been rising sharply in recent months," Rob Greig, Arup's global chief information officer, said in the emailed statement.Authorities around the world are growing increasingly concerned about the sophistication of deepfake technology and the nefarious uses it can be put to.READ MORE:A-League players charged over alleged yellow card conspiracyIn an internal memo seen by CNN, Arup's East Asia regional chairman, Michael Kwok, said the "frequency and sophistication of these attacks are rapidly increasing globally, and we all have a duty to stay informed and alert about how to spot different techniques used by scammers."Kwok returned to the role earlier this month, replacing Andy Lee, who announced his departure from Arup on his LinkedIn page about a week ago after 26 years at the company.FOLLOW US ON WHATSAPP HERE: Stay across all the latest in breaking news, celebrity and sport via our WhatsApp channel. No comments, no algorithm and nobody can see your private details.