Fintech News
APRIL 7, 2024
In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the financial sector in Asia. Economic Ramifications of Deepfake Scams The global impact of impersonation scams can be far-reaching, and expensive.
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
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.
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.
The Fintech Times
MAY 16, 2024
Banks are coming under an increasingly intense barrage of cybersecurity attacks, and many of these now use deepfakes and generative AI to make the initial breach. As deepfakes proliferate, a trickle of lawsuits has the potential to become a flood – and one which absolutely could sink the banks. Michael Marcotte, CEO of artius.iD
Fintech News
JANUARY 17, 2024
What’s even more alarming is the stark increase in this fraud rate, which surged by 24 percent from 2022 to 2023. Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022.
The Fintech Times
DECEMBER 15, 2023
The report addresses identity fraud across industries and regions based on millions of verification checks across 28 industries and over 2,000,000 fraud cases between 2022-2023. The post Sumsub Joins Singapore FinTech Association to Drive Innovation and Collaboration appeared first on The Fintech Times.
Expert insights. Personalized for you.
120 
Let's personalize your content