On 4 February 2024, it was reported that an employee at the Hong Kong branch of a multinational company was scammed into paying HK$200 million of the company’s money to fraudsters during a deepfake video conference. To combat and mitigate the harm of deepfakes and AI-related cybercrime, organisations are highly recommended to plan for the future by implementing a comprehensive internal digital trust framework, and devising strategies and procedures in the event the organisation is faced with cyber threats.

To know more about strategies for safeguarding against AI-related cybercrime, please read our latest article prepared by our Managing Partner, Alan Chiu, and our Trainee Solicitor, Hank Yeung.