Remove AI Remove Deepfake Remove Fraud Detection
article thumbnail

Unmasking the Threat of Deepfake Scams in the Financial Sector of Asia

Fintech News

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
article thumbnail

AuthenticID Launches Deep Fake and Generative AI Detection Solution

Finovate

Identity proofing and fraud detection company AuthenticID launched a new solution today to detect deep fake and generative AI injection attacks. This works to bypass traditional fraud detection and identity verification methods.

AI 105
article thumbnail

Code & Capital: AI Versus the Internet and Harnessing the Power of Gen AI

Finovate

In today’s first conversation, Code & Capital talks with Generative AI expert and founder of Tamang Ventures Nina Schick about the way that AI could fundamentally reshape industries and economies this century the way the Internet did decades ago. At Zurich, he leads activities globally related to Generative AI and chatbots.

AI 59
article thumbnail

Em Conversa: Fighting AI Fraud With AI With Lynx Tech

The Fintech Times

Identifying fraud in the age of artificial intelligence (AI) is much harder than it ever has been before. Fraudsters are more cunning and deceiving, taking advantage of those who either do not know or refuse to acknowledge the power of AI. What are some AI fraud trends we’re seeing in Latin America?

AI 59
article thumbnail

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

The Fintech Times

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.

Bots 59
article thumbnail

Leveraging AI & Innovative Tech to Combat Emerging Complex Fraud Schemes

Seon

With its mimetic capabilities, AI-generated fraud is harder to detect and occurs at unprecedented volumes and velocities. As a result, organizations face large volumes of fraudulent data, necessitating heightened vigilance and advanced detection methods to protect themselves – and their customers or users.

AI 52
article thumbnail

Balancing AI’s Benefits and Threats Across Fraud and Cybersecurity

Seon

We don’t know what AI will look like one year from today. Such uncertainty is unwelcome in cybersecurity and fraud. The evolution of AI adds layers of complexity, presenting unprecedented opportunities and significant threats. Fight Evolving Fraud Discover how fraud tactics are changing and how to stay ahead.