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Alleged Deepfake CFO Scam Reportedly Costs Multinational Engineering Firm Arup $25 Million

Occurred
Feb 2, 2024
Published
Jul 7, 2025
Source
AI Incident Database

Summary

A finance employee at the multinational engineering firm Arup was reportedly deceived into transferring $25 million by fraudsters using purported deepfake technology to impersonate the firm's CFO in a video call, according to the Hong Kong police.

Developers

  • Deepfake technology developers
  • Synthetic audio generation technology developers

Deployers

  • Scammers

Harmed parties

  • Unnamed finance employee
  • Arup

Tags

  • deepfake
  • fraud
  • conference call
  • pattern of harm reporting

Classification

Category confidence: 95%
Severity confidence: 90%

Rationale: Deepfake technology used to impersonate CFO and cause significant financial loss.

Classifier: Qwen/Qwen3.5-35B-A3B-FP8

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