2023, Deepfake and Verification

iProov Outlines 672% Rise in Deepfake Media as Threat Actors Increase Productivity

The Fintech Times

FEBRUARY 9, 2024

Across 2022 and 2023, indiscriminate attack levels ranged from 50,000 to 100,000 times per month. The buzz surrounding Artificial Intelligence ( AI ) continued throughout 2023, right the way through to now – thanks to the seemingly limitless potential of the emerging technology.

Deepfake

Deepfake Product Verification AI

70% of Crypto Companies Report Deepfake Fraud Rise

The Payments Association

OCTOBER 25, 2023

Sumsub, a full-cycle verification platform, today releases its “State of Verification and Monitoring in the Crypto Industry 2023” report. The findings focus.

Deepfake

Deepfake Verification Digital Currency

Rise in deepfake fraud reported by 70% of crypto companies

The Payments Association

NOVEMBER 1, 2023

Sumsub, a full-cycle verification platform, releases its 'State of Verification and Monitoring in the Crypto Industry 2023' report.

Deepfake

Deepfake Verification Regulations Security

Webinars

How To Drive Retail Results With Integrated Tech And UX Design

How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

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Automated Bot Attacks Surge on Social Media in 2024, AU10TIX Reveals

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

Bots Deepfake Automation APACS

Sumsub to Showcase Digital Identity Verification Solutions at Seamless Asia

Fintech News

FEBRUARY 18, 2024

But with innovation comes risk – especially around identity verification and fraud prevention. By implementing Sumsub’s no-code identity verification platform, dtcpay simplified Know Your Client (KYC) and onboarding to provide a smooth, secure user experience. Singapore is one of the world’s leading hubs for fintech innovation.

Verification

Verification Travel Rule Multi-Currency Compliance

Banking Execs Must ‘Wake Up’ as Security Measures Fail to Keep Up With Biometric Fraud

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

Deepfake Security Cybersecurity Procedures

Sumsub Bolsters Presence in Southeast Asia with New Partnerships

Fintech News

JULY 10, 2024

Sumsub, a global verification provider, has announced strategic partnerships with several resellers in Southeast Asia including Nexus Technologies in the Philippines, PT Secure Pasifik Teknologi in Indonesia, and Spectrum Edge in Malaysia. Sumsub established its first APAC headquarters in Singapore in July 2023.

Identity Theft

Identity Theft APACS Deepfake Money Laundering

The Shifting Landscape of Fraud and Identity in 2024

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. To address these issues, the Reserve Bank of India (RBI) took action in 2023 by mandating stricter IT governance and risk controls.

Deepfake

Deepfake APACS Scams Authentication

Sumsub Combats Fraud Networks in APAC With Upgraded Solution

Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. Research by Sumsub shows that one in every 100 users of digital platforms globally became a victim of fraud ring activities in 2023.

APACS

APACS Fraud Prevention Deepfake Account Takeovers

Sumsub Integrates with Chainalysis to Strengthen Crypto Transaction Security

Fintech News

MARCH 12, 2024

Sumsub, a global verification provider, has integrated with Chainalysis, a blockchain data platform. This trend is underscored by Sumsub’s reports, which note a 128 percent increase in deepfake incidents in 2023, with the Asia-Pacific region experiencing a 1530 percent surge.

Transactions

Transactions Security Deepfake Travel Rule

Sumsub Joins Singapore FinTech Association to Drive Innovation and Collaboration

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

Innovation Deepfake FinTech APACS

Taking the Preemptive Strike to Thwart Rising Scams and Fraud in ASEAN Banking

Fintech News

JUNE 6, 2024

The bank’s customers also fell victim to a phishing scheme involving WhatsApp Web that ensnared more than 90 individuals in 2023, causing losses totalling S$176,000 (approx. A notable example is the recent US$25 million scam in Hong Kong, where scammers used deepfake technology to impersonate company executives in a video call.

Scams

Scams Phishing Deepfake Verification

Sumsub Integrates Travel Rule Solution with Binance, Supporting VASPs Globally

The Fintech Times

MARCH 28, 2024

Sumsub , a global full-cycle verification and compliance provider, has completed the integration of its Travel Rule solution with Binance , the crypto exchange platform, through the Global Travel Rule (GTR) Alliance. It released its findings in its ‘ State of Verification and Monitoring in the Crypto Industry 2023 ‘ report.

Travel Rule

Travel Rule Rules Interoperability Deepfake

Sumsub and Binance to Streamline Travel Rule Compliance in Crypto Transactions

Fintech News

MARCH 26, 2024

Sumsub, a global verification and compliance provider, announced its partnership with crypto exchange Binance to integrate its Travel Rule solutio n through the Global Travel Rule (GTR) Alliance.

Travel Rule

Travel Rule Rules Compliance Transactions

Sumsub Tackles Growing Financial Crime Concerns; ‘Empowering Professionals’ in Second Skills Course

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

Financial Crimes Crime Money Laundering Deepfake

Authenticity in the Era of Deepfakes: The Multi-Layered ZOLOZ eKYC Approach

Fintech News

MAY 14, 2024

However, this powerful technology has also been exploited by malicious actors to create deepfakes – highly convincing simulations of individuals saying or doing things they never actually did. Deepfakes have since evolved into a formidable challenge for conventional identity verification methods.

Deepfake

Deepfake Authentication Verification AI

Em Conversa: Fighting AI Fraud With AI With Lynx Tech

The Fintech Times

AUGUST 13, 2024

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. This leaves many vulnerable to sophisticated AI-powered attacks like deepfakes and voice cloning.

AI

AI Fraud Detection Fraud Prevention Deepfake

How Digital Identity is Powering Southeast Asia’s Financial Revolution

Fintech News

SEPTEMBER 9, 2024

Meanwhile, in Malaysia, progress for digital identity is also underway, Prime Minister Datuk Seri Anwar Ibrahim in December 2023 registered with the National Digital Identity, making him the first person in the country to do so.

Deepfake

Deepfake PCI DSS Verification Financial Inclusion

AI Advancements in the Adult Industry

Segpay

NOVEMBER 20, 2023

Billion in 2023 to 267.3 Online streaming video, credit-card verification sites, Web referral rings, and video technology like Flash can be traced back to innovations designed to share and sell adult content. 5 minute read A recent market research report predicts the Global Adult Entertainment Market will grow from USD 172.5

AI

AI Privacy Fraud Detection Indemnification

Finovate Global Israel: Identity Verification, Data Privacy, and an Introduction to New Alums

Finovate

MARCH 29, 2024

AU10TIX expands its Digital ID identity verification solution Israel-based identity verification and management specialist AU10TIX announced the expansion of its Digital ID solution this week. Serving as a verification hub for businesses, AU10TIX’s Digital ID solution enables faster and more accurate identity verification.

Verification

Verification Privacy AI AML

Payments Space

iProov Outlines 672% Rise in Deepfake Media as Threat Actors Increase Productivity

70% of Crypto Companies Report Deepfake Fraud Rise

Rise in deepfake fraud reported by 70% of crypto companies

Webinars

Automated Bot Attacks Surge on Social Media in 2024, AU10TIX Reveals

Sumsub to Showcase Digital Identity Verification Solutions at Seamless Asia

Banking Execs Must ‘Wake Up’ as Security Measures Fail to Keep Up With Biometric Fraud

Sumsub Bolsters Presence in Southeast Asia with New Partnerships

The Shifting Landscape of Fraud and Identity in 2024

Sumsub Combats Fraud Networks in APAC With Upgraded Solution

Sumsub Integrates with Chainalysis to Strengthen Crypto Transaction Security

Sumsub Joins Singapore FinTech Association to Drive Innovation and Collaboration

Taking the Preemptive Strike to Thwart Rising Scams and Fraud in ASEAN Banking

Sumsub Integrates Travel Rule Solution with Binance, Supporting VASPs Globally

Sumsub and Binance to Streamline Travel Rule Compliance in Crypto Transactions

Sumsub Tackles Growing Financial Crime Concerns; ‘Empowering Professionals’ in Second Skills Course

Authenticity in the Era of Deepfakes: The Multi-Layered ZOLOZ eKYC Approach

Em Conversa: Fighting AI Fraud With AI With Lynx Tech

How Digital Identity is Powering Southeast Asia’s Financial Revolution

AI Advancements in the Adult Industry

Finovate Global Israel: Identity Verification, Data Privacy, and an Introduction to New Alums

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