2022 Cybersecurity Deepfake 
The Fintech Times
FEBRUARY 9, 2024
Across 2022 and 2023, indiscriminate attack levels ranged from 50,000 to 100,000 times per month. The use of emulators and metadata spoofing by threat actors to launch digital injection attacks across different platforms was first observed in 2022, but grew most substantially in 2023; growing by 353 per cent from H1 to H2 2023.
The Fintech Times
MAY 16, 2024
Biometric-based fraud is the largest threat currently facing financial service providers, Michael Marcotte , co-founder of the National Cybersecurity Center (NCC), explained in a warning to banking executives. As deepfakes proliferate, a trickle of lawsuits has the potential to become a flood – and one which absolutely could sink the banks.
Fintech News
JANUARY 17, 2024
Companies in the region report a 28 percent rise in cyber threats, highlighting the urgent need for robust cybersecurity measures. What’s even more alarming is the stark increase in this fraud rate, which surged by 24 percent from 2022 to 2023. It brings prosperity but also makes the region a cyberattack hotspot.
The Fintech Times
SEPTEMBER 11, 2024
Between 2022 and 2023, fraud in the region increased by 24 per cent, driven by large-scale attacks, including a targeted onboarding attack involving over 5,000 fraudulent attempts in Q2 2024. Bots and deepfakes The rise of bots using deepfake technology to create convincing fake profiles poses an additional challenge.
Fintech News
JUNE 30, 2024
annually between 2022 and 2027, reaching US$26 billion. Market intelligence platform CB Insights forecasts that 2024 will focus on sustainable AI operations, creating solutions that stick, addressing societal implications, and shifting cybersecurity paradigms.
The Fintech Times
MAY 12, 2024
Emerging technology such as AI has enabled threat actors to take a sophisticated approach to fraud, with global full-cycle identity verification platform, Sumsub , revealing a 10x increase in the number of deepfakes detected worldwide from 2022 to 2023.
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.
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