The Fintech Times

NOVEMBER 19, 2024

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.

Deepfake 64

Deepfake APACS Account Takeovers Identity Theft 64

Fintech News

OCTOBER 28, 2024

Fighting deepfakes and fraudulent identities – Jumio’s holistic approach to building identity trust” with “Jumio Delivers Adaptive Verification as AI Fraud Projected to Hit US$40 Billion. Hong Kong police recently arrested 27 individuals linked to a deepfake scam that swindled victims out of $46 million.

Verification 91

Verification Deepfake AI Identity Theft 91

Fintech News

JULY 10, 2024

Sumsub reports significant increases in fraud, particularly in deepfakes, across the Philippines, Indonesia, and Malaysia. By partnering with local resellers, Sumsub aims to provide robust verification solutions to businesses in these key markets, helping them meet compliance standards and combat fraud and identity theft effectively.

Identity Theft 84

Identity Theft APACS Deepfake Money Laundering 84

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

Deepfake 107

Deepfake APACS Scams Authentication 107

Fintech News

JUNE 6, 2024

. “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.

Scams 90

Scams Phishing Deepfake Verification 90