Italian bank Fideuram loses €95M in AI scam, funds traced to China and Hong Kong

derstandard.at (German) —

Scammers defrauded Italian bank Fideuram, a subsidiary of Intesa Sanpaolo, of approximately 95 million euros using deceptive messages and a spoofed phone call. About 53 million euros were recovered, while 36 million euros remain missing. Most of the stolen funds were reportedly transferred to China and Hong Kong. Authorities are conducting investigations against one suspect in connection with the case. The fraud involved highly realistic communications, including a faked call, to trick the private banking unit. The incident highlights ongoing risks in the financial sector.


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