Remove APACS Remove Cybersecurity Remove Deepfake
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iProov Highlights Role of Biometrics in Combatting Deepfakes and Misused Generative AI

The Fintech Times

In the wrong hands, however, it can be incredibly harmful, especially with the emergence of deepfakes. A new survey from iProov , the biometric solutions provider, has revealed the attitudes on the threat of generative AI and deepfakes across the UK, US, Brazil, Australia, New Zealand and Singapore. AI: friend or foe?

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The Shifting Landscape of Fraud and Identity in 2024

Fintech News

Companies in the region report a 28 percent rise in cyber threats, highlighting the urgent need for robust cybersecurity measures. Tackling such sophisticated identity fraud will be a priority across APAC in 2024. APAC boasts the highest fraud rate among all regions, at a worrisome 3.27

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APAC’s Developing Countries Leading the Way in Generative AI Adoption

Fintech News

Developing countries in the Asia-Pacific (APAC) region are embracing generative artificial intelligence (gen AI) at a faster pace than their advanced counterparts, driven by young employees and students, a new survey by Deloitte found. The rise of gen AI Businesses in APAC are actively experimenting and deploying gen AI.

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

The Fintech Times

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.

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

Fintech News

. “Many financial organisations are already adopting biometric and liveness detection technologies to strengthen their fraud prevention systems,” said Frederic Ho, Vice President of APAC at Jumio. Malicious actors can now create highly convincing videos, images, or audio recordings with these tools.

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Deepfake Fraud Jumps by 194% in APAC, as Fraud-as-a-Service Becomes More Widespread, Sumsub Reveals

The Fintech Times

Identity fraud across the Asia Pacific region (APAC) continues to rise, driven by increasingly sophisticated fraud tactics and the more widespread use of Fraud-as-a-Service (FaaS), according to the latest report from full-cycle verification platform, Sumsub.