Remove AI Remove Bots Remove Deepfake
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Automated Bot Attacks Surge on Social Media in 2024, AU10TIX Reveals

The Fintech Times

Automated bot attacks on social media surged dramatically in the second quarter of 2024, according to AU10TIX ’s latest Global Identity Fraud Report. This rise highlights growing concerns about the ability of social media platforms to detect and combat organised fraud, particularly as bots become more sophisticated.

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Deepfakes’ Next Stop: Banking

PYMNTS

The rise of deepfakes — the eerily lifelike impersonations that superimpose heads onto bodies and bodies onto heads in seamless ways that integrate speech and movement, where nothing is as it seems — may be good for a laugh. The best defense against the fraudster armed with AI is to use AI to fight the battle.

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Sumsub Combats Fraud Networks in APAC With Upgraded Solution

Fintech News

This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks. Fraud networks, however small they may seem right now, will gain prominence, just like AI-powered deepfakes. said Pavel Goldman-Kalaydin, Head of AI/ML at Sumsub.

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3 Ways Fintechs are Helping Financial Institutions Fight Fraud

Finovate

From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys. More specifically, Experian is looking to bolster its defenses against AI-generated fraud threats.

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Memes That Kill: The Future Of Information Warfare

CB Insights

Consider: Political-bot armies or fake user “sock puppets” are targeting social news feeds to computationally spread propaganda. Online, the line between truth and falsehood is looking fragile as AI researchers develop technologies that can make undetectable fake audio and video. Spotting AI-generated people.

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