The Fintech Times

NOVEMBER 20, 2024

In its sixth edition, the 2025 Identity Fraud Report found that attacks involving deepfakes happened every five minutes in 2024, and digital document forgeries increased by 244 per cent year over year. It is a staggering 1,600 per cent increase since 2021. Deepfake attacks occurred at a rate of one every five minutes in 2024.

Deepfake 62

Deepfake Phishing Account Takeovers AI 62

Finovate

MARCH 29, 2024

Schick also discusses use cases for Generative AI in financial services and the threat posed by AI-powered deepfakes. An author, advisor, and keynote speaker, Schick is an expert in synthetic media, deepfakes, disinformation, cybersecurity, and the geopolitics of technology.

AI 59

AI Deepfake Fraud Detection Advisors 59

Finovate

SEPTEMBER 10, 2024

Illuma for its innovations in deepfake detection that enable community financial institutions to keep their members and customers connected with their funds in a convenient and secure manner. Eko Investments for its platform that offers investments via a financial advisor to all clients–and not just the top 1%–starting from $10.

Deepfake 111

Deepfake Innovation Advisors Risk Management 111

Fintech News

JANUARY 17, 2024

In 2021, over 60 percent of India’s 53,000 reported cybercrime cases were fraud-related, with criminals exploiting weaknesses in digital banking and e-commerce. Ongoing behavioural monitoring post-onboarding also helps spot fraudulent accounts created using synthetic identities.

Deepfake 115

Deepfake APACS Scams Authentication 115

Fintech News

MARCH 26, 2024

Binance, which has been a client of Sumsub since 2021, aims to bolster its international compliance efforts through this alliance. Featured image credit: Edited from Freepik The post Sumsub and Binance to Streamline Travel Rule Compliance in Crypto Transactions appeared first on Fintech Singapore.

Travel Rule 111

Travel Rule Rules Compliance Transactions 111

Finovate

SEPTEMBER 30, 2024

Previous quarterly comparisons Q3 2023: More than $293 million raised by eight alums Q3 2022: More than $1 billion raised by eight alums Q3 2021: More than $1.1 July 2024: An undisclosed amount raised by one alum ReceiptHero : undisclosed – post August: More than $1.3 billion raised by 14 alums Q3 2020: More than $1.2

Account Takeovers 52

Account Takeovers Deepfake Posting Research 52

Fintech News

JUNE 6, 2024

From December 2021 to January 2022, close to 800 individuals fell victim to an SMS phishing scam where fraudsters impersonated OCBC. Frederic Ho, VP, Asia Pacific, Jumio “However, with the rise of advanced deepfake and face-swapping technologies, relying solely on biometric identity verification is no longer adequate.

Scams 98

Scams Phishing Deepfake Verification 98