Fintech News

APRIL 7, 2024

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. Stuart Wells These technologies play a crucial role in verifying identities in an environment increasingly compromised by sophisticated fraud.

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Deepfake Scams Fraud Detection Verification 108

PYMNTS

AUGUST 24, 2020

The business email compromise (BEC) scam continues to rear its ugly head at the enterprise, with the global pandemic creating even more avenues through which cyber attackers can steal company money. At the heart of BEC and other scams is impersonation.

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Fintech News

JANUARY 17, 2024

Sophisticated scams dominate the fraud landscape BioCatch’s report uncovers a startling surge in financial cybercrime in Asia-Pacific. With scams accounting for 54 percent of all cases, there’s a 200 percent increase in voice scams from the previous year.

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Seon

MAY 23, 2024

Other types of mobile malware attacks facilitated through malicious apps or software vulnerabilities can compromise the integrity of devices, providing attackers with unauthorized access to sensitive information. The rise of deepfake technology presents another significant threat to biometric authentication systems.

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PYMNTS

SEPTEMBER 10, 2019

A subsidiary of automaker Toyota has lost millions of dollars thanks to a vendor payment scam, according to SC Media UK reports. It’s unclear how much money that company lost, while cyber experts also say it’s not certain whether such “deepfake” tactics will become the norm. The publication said Monday (Sept.

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Email Compromise Compromise Deepfake Cybersecurity 46

Seon

JUNE 27, 2024

As AI-driven progress continues to surge, questions arise about maintaining its progress over the long term without compromising security. How can the technology driving novel and increasingly sophisticated fraud activities be harnessed to combat scams and cyber risks cost-efficient and effectively?

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Cybersecurity Fraud Detection Identity Theft Money Laundering 52

PYMNTS

SEPTEMBER 9, 2019

Though the tactic is unusual, cybersecurity experts warn the strategy could signal an increasing use of so-called “deepfake” technology to infiltrate systems and steal company cash. Australia is now seeking comment from industry experts to address modern cyber threats in both the private and public sector.

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