GCD AI RADAR
incidents/AIR-2024-0027

Deepfake CFO Scam Costs Multinational Engineering Firm Arup $25 Million

AI-enabled attack4 Confirmed real-world lossDeepfake fraud

Fraudsters used deepfake video technology to impersonate a company CFO during a video call, tricking an employee into transferring $25 million. The multinational engineering firm suffered a significant financial loss.

Details

type
AI-enabled attack
Attackers used AI as a meaningful part of a cyberattack against someone else.
categories
  • Deepfake fraud
    Synthetic voice, video or images used to impersonate people for fraud, extortion or access.
owasp llm top 10
no entry for these categories
mitre atlas
Both rows are derived from the type and categories (OWASP 2025 edition, ATLAS release 2026.09), not classified per record. How
severity
4 · Confirmed real-world loss
Financial loss, PHI/PII breach, safety impact or regulatory action.
targets
Enterprise deployment
products
deepfake
incident date
2 Feb 2024
first reported
2 Feb 2024
origin
AI Incident Database
Derived from the AI Incident Database (CC BY-SA 4.0).
classifier confidence
0.95 · published at or above 0.80; see the methodology
tags
deepfake · fraud · social_engineering
record
created 2026-10-18 06:33Z · updated 2026-10-18 06:59Z · json

Sources · 1

  1. 2024-02-02
    Alleged Deepfake CFO Scam Reportedly Costs Multinational Engineering Firm Arup $25 Million
    AI Incident Database · incidentdatabase.ai/cite/634

Titles and links belong to their publishers. The summary above is written by GCD AI RADAR in its own words; data is CC BY-SA 4.0.

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