A fraud in northern China that used sophisticated “deepfake” technology to convince a man to transfer money to a supposed friend has sparked concern about the potential of artificial intelligence (AI) techniques to aid financial crimes.
China has been tightening scrutiny of such technology and apps amid a rise in AI-driven fraud, mainly involving the manipulation of voice and facial data, and adopted new rules in January to legally protect victims. “This shows that photos, voices and videos all can be utilised by scammers,” one user wrote.
