WEBVTT - Introducing - Deep Fake

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<v Speaker 1>Approache Production. It's January twenty twenty four in the office

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<v Speaker 1>of a ROP. Lee Chan not his real name, is

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<v Speaker 1>working in his Level five office in downtown Hong Kong.

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<v Speaker 1>He works in finance. At about two pm, Lee gets

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<v Speaker 1>an email from the London head office. It doesn't seem legit.

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<v Speaker 1>He thinks it might be a phishing scam, but over

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<v Speaker 1>the next few days he transfers over forty million Australian

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<v Speaker 1>dollars to an unknown person or person's welcome to deep

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<v Speaker 1>fake the forty million dollar fraud.

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<v Speaker 2>The worker ended up getting persuaded that like no, I'm

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<v Speaker 2>talking to a real person. This is legit, right, and

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<v Speaker 2>so let's move forward with this deal.

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<v Speaker 1>I'm Amelia Thompson. I've spent the last twelve years digging

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<v Speaker 1>into the murky depths of financial crime here in Australia.

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<v Speaker 1>I'm covering everything from corporate five fraud to money laundering

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<v Speaker 1>schemes that reach the highest levels of power. My name

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<v Speaker 1>is Dander and McCullough.

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<v Speaker 3>I have a PhD in cryptology, which is the mathematics

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<v Speaker 3>of code.

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<v Speaker 2>The worker initially received an email from what claimed to

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<v Speaker 2>be a UK based company's chief financial officer.

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<v Speaker 1>The CFO high Lee, Thanks for coming on the call

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<v Speaker 1>so quickly. This is critical business and a transaction that

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<v Speaker 1>needs the utmost confidentiality. I'm here to share one of

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<v Speaker 1>the fastest growing areas of crime, deep fakes, and how

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<v Speaker 1>by twenty twenty seven, they will account for over forty

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<v Speaker 1>billion dollars of scams in the US alone.

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<v Speaker 4>You expect like people are just starting to understand what

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<v Speaker 4>a deep fake is, and they probably think, as I

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<v Speaker 4>thought prior to this story, that it's the sort of

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<v Speaker 4>thing where you have to take actual video and then

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<v Speaker 4>you take video faces, you train a model. It's complex,

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<v Speaker 4>and that eventually.

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<v Speaker 3>There They're becoming more and more frequent, more and more frequently.

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<v Speaker 5>It's very, very hard to identify a deep fate.

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<v Speaker 2>I am not Mormon freeman.

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<v Speaker 4>This is a dangerous time.

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<v Speaker 1>Deep fakes, deep fakes, deep fixts, deep fixed.

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<v Speaker 4>Videos that look so real it's hard to tell what.

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<v Speaker 1>Speak from online pop stars.

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<v Speaker 5>So I'm not the only robot pop star. I was

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<v Speaker 5>programmed to believe that I was an eighteen year old

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<v Speaker 5>have Brazilian half Spanish girl names with a.

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<v Speaker 1>Deep fake porn.

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<v Speaker 2>It's really heartbreaking that this is happening. And even though

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<v Speaker 2>it's a I generated, it's still very real, and it's

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<v Speaker 2>still really harms.

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<v Speaker 1>Pick and scams where millions are being lost by the minute.

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<v Speaker 3>I was not surprised at all. We've been talking in

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<v Speaker 3>the industry about this is going to be the next

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<v Speaker 3>big thing and it was just a matter of time.

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<v Speaker 3>So as soon as it happened, I said to my colleagues,

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<v Speaker 3>here we go. Here's the first one, and of course

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<v Speaker 3>you're going to see a lot more to come.

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<v Speaker 5>But it's created online and shared in the shadows.

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<v Speaker 2>You know.

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<v Speaker 5>I'm still trying to wrap my head around this case

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<v Speaker 5>that has emerged in Hong Kong and which is making

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<v Speaker 5>global headlines because, like I keep saying, this is chilling.

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<v Speaker 5>This sounds like the plot of the fines fiction movie,

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<v Speaker 5>except that it's.

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<v Speaker 1>Not deep fake. The forty million Dollar Fraud. Subscribe now

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<v Speaker 1>to Apple podcast Subscriptions to get episodes ad free and early.

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<v Speaker 1>The first episode drops Monday, September sixteenth.

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<v Speaker 3>The use of AI voices has been used in this

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<v Speaker 3>podcast to help recreate some moments