PYMNTS

DECEMBER 5, 2019

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. From Arnold Schwarzenegger, to Kim Kardashian, to maybe, just maybe: You. It’s like a Hollywood special effect.”.

Deepfake 55

Deepfake Verification Authentication AI 55

The Fintech Times

MARCH 12, 2025

AI-generated deepfakes , synthetic identities and hyper-targeted phishing attacks are just some of the cyberthreats on the rise. As a result of the partnership, SEON will proactively detect deepfake KYC attempts, synthetic identities, and mass-registration fraud before accounts are created through Intergiro.

Embedded Finance 72

Embedded Finance Finance Deepfake Payment APIs and Integration 72

Neopay

JANUARY 22, 2025

Fraudsters are exploiting GenAI tools such as large language models (LLMs), voice cloning, and deepfakes to carry out increasingly sophisticated scams that are harder to detect and prevent. Romance fraud: Deepfake images and videos help fraudsters create convincing personas to manipulate victims emotionally and financially.

AI 59

AI Deepfake Phishing Audit 59

The Fintech Times

NOVEMBER 20, 2024

However, it is unfortunately being used by both sides as AI-assisted fraud is growing more frequent and more sophisticated according to a new report from the think tank that provides insights to help organizations protect themselves, adapt, and grow, The Entrust Cybersecurity Institute. It is a staggering 1,600 per cent increase since 2021.

Deepfake 69

Deepfake Phishing Account Takeovers AI 69

The Fintech Times

AUGUST 7, 2024

As much as 53 per cent of Brits have either never heard of the term deepfake or misunderstood its meaning, British bank Santander has revealed, as part of a new initiative to warn consumers about the dangers of AI deepfake scams.

Deepfake 64

Deepfake Scams Romance Scams AI 64

The Fintech Times

MAY 17, 2024

The rapidly increasing prevalence of AI-generated content and deepfakes has left many questioning everything they see online. In fact, as much as 72 per cent of consumers worry on a day-to-day basis about being fooled by a deepfake into handing over sensitive information or money.

Deepfake 69

Deepfake Identity Theft Consumer Verification 69

PYMNTS

JANUARY 8, 2020

The House’s Subcommittee on Consumer Protection and Commerce heard digital experts, as well as a representative from Facebook, testify in regards to the measures tech firms are using to fight against deepfakes, and what further actions should occur at the federal level, CNBC reported Wednesday (Jan. Chairwoman Jan Schakowsky, D-Ill.,

Deepfake 57

Deepfake Consumer Protection Cybersecurity Verification 57

PYMNTS

AUGUST 24, 2020

Tessian Co-founder and CEO Tim Sadler warns that this has created an ideal environment for cyberattackers wielding a quickly emerging technology: deepfakes. With more employees relying on the phone, as well as video conferencing platforms, to communicate with their teams, it presents an ideal environment for deepfake technology to take hold.

Deepfake 61

Deepfake Business Email Compromise Scams Multifactor Authentication 61

PYMNTS

SEPTEMBER 9, 2019

The cybersecurity world is witnessing a potentially new, dangerous threat: according to insurance firm Euler Hermes, one of its corporates fell victim to cyber fraud after attackers used sophisticated artificial intelligence (AI) technology to impersonate the firm’s chief executive officer by mimicking his voice on the phone.

Cybersecurity 72

Cybersecurity Email Compromise Deepfake Crime 72

Fintech News

JANUARY 17, 2024

Companies in the region report a 28 percent rise in cyber threats, highlighting the urgent need for robust cybersecurity measures. Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022.

Deepfake 122

Deepfake APACS Scams Authentication 122

Finextra

NOVEMBER 19, 2024

Digital document manipulation using AI and deepfakes have been revealed as the biggest growing threats facing the financial services industry going into 2025, according to a report by the Entrust Cybersecurity Institute.

Deepfake 75

Deepfake AI Cybersecurity 75

The Fintech Times

MAY 16, 2024

Biometric-based fraud is the largest threat currently facing financial service providers, Michael Marcotte , co-founder of the National Cybersecurity Center (NCC), explained in a warning to banking executives. As deepfakes proliferate, a trickle of lawsuits has the potential to become a flood – and one which absolutely could sink the banks.

Deepfake 69

Deepfake Security Cybersecurity Procedures 69

The Paypers

JANUARY 29, 2020

A new study from iProov has revealed that 77% of cybersecurity decision-makers in financial services are concerned about the threat deepfakes pose to their industry.

Deepfake 31

Deepfake Cybersecurity 31

The Fintech Times

DECEMBER 10, 2024

Founded in Australia and launched commercially in 2018, IDVerse uses AI to combat fraud and deepfakes. However, the acquisition will integrate IDVerse’s capabilities across all solutions and will enhance customer readiness for future fraud threats through advanced AI-powered solutions.

AI 64

AI Risk Acquirers Deepfake 64

Seon

JUNE 27, 2024

Such uncertainty is unwelcome in cybersecurity and fraud. This potential evolution compounds the circumstances regarding how the technology will impact fraud and cybersecurity measures, presenting significant risks and transformative opportunities. These advancements have changed the way we approach cybersecurity and fraud detection.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

Fintech News

JUNE 30, 2024

Market intelligence platform CB Insights forecasts that 2024 will focus on sustainable AI operations, creating solutions that stick, addressing societal implications, and shifting cybersecurity paradigms. Finally, it highlights the rise of AI-powered cyberattacks, with deepfakes and email phishing attacks increasing substantially.

AI 107

AI APACS Deepfake Economy 107

Finextra

OCTOBER 22, 2024

Accenture (NYSE:ACN) has made a strategic investment, through Accenture Ventures, in Reality Defender, an RSA Innovation award-winning cybersecurity company specializing in deepfake detection.

Deepfake 52

Deepfake Cybersecurity Innovation 52

Finovate

MARCH 29, 2024

Schick also discusses use cases for Generative AI in financial services and the threat posed by AI-powered deepfakes. An author, advisor, and keynote speaker, Schick is an expert in synthetic media, deepfakes, disinformation, cybersecurity, and the geopolitics of technology.

AI 59

AI Deepfake Fraud Detection Advisors 59

Fintech News

JUNE 6, 2024

Frederic Ho, VP, Asia Pacific, Jumio “However, with the rise of advanced deepfake and face-swapping technologies, relying solely on biometric identity verification is no longer adequate. Malicious actors can now create highly convincing videos, images, or audio recordings with these tools.

Scams 107

Scams Phishing Deepfake Verification 107

The Fintech Times

SEPTEMBER 11, 2024

Bots and deepfakes The rise of bots using deepfake technology to create convincing fake profiles poses an additional challenge. Bots and deepfake tech are enabling criminals to automate complex scams that used to take a lot more effort, making them incredibly efficient and dangerous,” said Dan Yerushalmi , CEO of AU10TIX.

Bots 59

Bots Deepfake Automation APACS 59

The Fintech Times

JUNE 2, 2024

Deepfakes, often used to impersonate the holder of an account rather than creating a new or synthetic identity, are far more popular, accounting for one in 15 fraud attempts. Even if fraud success rates remain the same, the sheer volume of attempts means that fraud levels are set to explode, Signicat explained.

AI 126

AI Fraud Prevention Account Takeovers Deepfake 126

The Fintech Times

FEBRUARY 23, 2024

Deepfakes and threats of AI Such activity could lead to identity theft, which IDnow believes should be a concern to the UK public, especially given the rise in deepfake technology. Developments in generative artificial intelligence (AI) mean deepfake technology can now be used to create hyper-realistic fake documents.

Continuity 69

Continuity Deepfake Risk Smishing 69

The Fintech Times

DECEMBER 19, 2024

” Slipping through the cracks Increasingly sophisticated tactics, such as fake invoices, deepfake media, and phishing scams – driven by generative AI – have made attacks more convincing and harder to detect. Proactive fraud prevention today not only mitigates risk, but also future-proofs operations against costly penalties.”

Automation 59

Automation AI Fraud Prevention Deepfake 59

PYMNTS

SEPTEMBER 10, 2019

In an interview with the news outlet, Digital Guardian Vice President of Cybersecurity Tim Bandos said organizations must include cybersecurity as part of their overall business practices, “because IT security tools are not infallible against human behavior.”. Cybersecurity company Agari recently released data that estimates $13.5

Email Compromise 46

Email Compromise Compromise Cybersecurity Scams 46

Finovate

JULY 29, 2024

When it comes to cybersecurity companies, CrowdStrike is widely considered to be a belle of the ball. CrowdStrike is being accused of no such malfeasance and will, in all likelihood, remain a major player in the cybersecurity industry, with its reputation scratched perhaps but probably not scarred. That leaves us with resiliency.

Cybersecurity 59

Cybersecurity Online and Mobile Banking Deepfake Breach 59

The Payments Association

DECEMBER 9, 2024

We expect that regulations will impose even stricter cybersecurity standards for organisations using AI in payments, including robust data protection measures, regular security assessments, and incident response plans. The potential for misuse of AI in creating deepfakes or facilitating fraud adds another layer of ethical complexity.

Privacy 88

Privacy Payment Security AI Security 88

The Fintech Times

OCTOBER 31, 2024

Fighting deepfake-enabled fraud As synthetic media such as deepfakes increasingly impact digital identity, verifying customer identities has become crucial to prevent fraud and remain complaint. In the near-future, coverage of GAV will expand to 80 per cent of G20 countries.

Mitigation 59

Mitigation Risk Global Payments Deepfake 59

The Fintech Times

MAY 12, 2024

Emerging technology such as AI has enabled threat actors to take a sophisticated approach to fraud, with global full-cycle identity verification platform, Sumsub , revealing a 10x increase in the number of deepfakes detected worldwide from 2022 to 2023.

Financial Crimes 69

Financial Crimes Crime Money Laundering Deepfake 69

The Fintech Times

DECEMBER 21, 2023

This will result in improved efficiency and security, but it will also involve the challenge of adhering to evolving regulatory guidelines and cybersecurity measures. First is an expected uptick in utilising AI for more complex processes, like data analysis and fraud detection.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115

The Fintech Times

AUGUST 13, 2024

Fraudsters are leveraging artificial intelligence (AI) tools like voice cloning and deepfakes to create highly convincing fake audio or video messages to deceive victims into transferring money or revealing sensitive information. This leaves many vulnerable to sophisticated AI-powered attacks like deepfakes and voice cloning.

AI 59

AI Fraud Detection Fraud Prevention Phishing 59

Fintech News

FEBRUARY 10, 2025

They are currently leveraging AI-driven chatbots and deepfake technology to create more convincing frauds. It must include one that includes financial literacy, better consumer protection, enhanced cybersecurity measures, and deeper international collaboration.

Crime 88

Crime Ransomware Scams Phishing 88

The Fintech Times

SEPTEMBER 4, 2024

Leflambe continues: “In parallel, fraudsters leverage new technology very quickly (for instance, using deepfakes to circumvent liveness checks) and compliance teams must remain very vigilant about new controls not being outdated as a result.”

Compliance 64

Compliance Rules Regulations Laws 64

The Fintech Times

JANUARY 17, 2024

AI: Fighting the emerging threat Two-thirds (66 per cent) of financial industry respondents think the use of AI by fraudsters and other criminals poses a growing cybersecurity threat. Risks include deepfakes, sophisticated cyber hacks, and the use of generative AI to create malware.

AI 59

AI Financial Crimes Crime Security 59

Finovate

FEBRUARY 1, 2024

She is an expert in synthetic media, deepfakes, disinformation, cybersecurity, and the geopolitics of technology. Nina Schick, Author, Generative AI Expert, Founder at Tamang Ventures Schick is an author, advisor, and keynote speaker, specializing in how technology is transforming politics and society in the 21st century.

Metaverse 52

Metaverse Deepfake Authorization AI 52

The Fintech Times

MARCH 6, 2024

In fact, 71 per cent of respondents named it as the number one issue, particularly in automated attacks and deepfake technologies. AI is expected to be the biggest challenge for fraud prevention in the coming months.

AI 59

AI Fraud Prevention Identity Theft Account Takeovers 59

The Fintech Times

MAY 24, 2024

The urgency to manage AI-related identity risks, including deepfakes , is low in the UK with around one third (35 per cent) already having a strategy in place to manage threats of this nature. This was the lowest rate of confidence felt globally compared to 48 per cent of U.S. respondents saying the same.

Authentication 59

Authentication MFA Deepfake AI 59

PYMNTS

JANUARY 13, 2020

The PYMNTS January 2020 Digital Identity Tracker examines the issues, as well as advances in mobile biometric security, “deepfake” detection and more. In this weird environment, where Dark Web desperados now “bundle” stolen records so that cybercrooks have a seamless (though utterly illicit) shopping experience, new methods are required.

EMV 54

EMV Data Breach Chip Cards Push-to-Card 54