Remove Cybersecurity Remove Deepfake Remove Phishing
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Digital Document Forgeries Overtake Physical Forgeries For the First Time As Deepfakes on the Rise

The Fintech Times

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.

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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.

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Balancing AI’s Benefits and Threats Across Fraud and Cybersecurity

Seon

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.

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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. Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022.

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

Fintech News

Recent phishing and fraudulent cases involving multiple banks in Singapore have highlighted the severity of this issue and the urgent need for banks to enhance their security measures. DBS isn’t the only bank making news for phishing scams. US$129,841).

Scams 101
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APAC’s Developing Countries Leading the Way in Generative AI Adoption

Fintech News

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.

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Despite Knowing Risks, Brits Continue to Expose Themselves to Cybercriminals Finds IDnow

The Fintech Times

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.