The Fintech Times

FEBRUARY 9, 2024

Across 2022 and 2023, indiscriminate attack levels ranged from 50,000 to 100,000 times per month. Easily accessible and criminally weaponised generative AI tools are increasing the need for more secure remote identity verification. This only serves to heighten the need for highly secure remote identity verification.

Deepfake 110

Deepfake Product Verification AI 110

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. ” says Wells.

Deepfake 128

Deepfake Scams Fraud Detection Verification 128

The Fintech Times

SEPTEMBER 11, 2024

AU10TIX, a company specialising in identity verification and management, also reveals significant vulnerabilities in the Asia-Pacific (APAC) region, where financial-related identity fraud has been escalating. Bots and deepfakes The rise of bots using deepfake technology to create convincing fake profiles poses an additional challenge.

Bots 59

Bots Deepfake Automation APACS 59

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. Firms continuing to use dated means of verification and user authentication could pay if they do not make changes.

Deepfake 69

Deepfake Security Cybersecurity Procedures 69

The Fintech Times

DECEMBER 15, 2023

Sumsub , a global full-cycle verification platform, has officially become a member of the Singapore FinTech Association (SFA). 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.

Innovation 59

Innovation Deepfake FinTech APACS 59

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.

Deepfake 119

Deepfake APACS Scams Authentication 119

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.

Financial Crimes 69

Financial Crimes Crime Money Laundering Deepfake 69