Remove Cybersecurity Remove Deepfake Remove Scams
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Santander Ramps Up Efforts to Make Dangers of Deepfake Tech Known to Brits

The Fintech Times

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.

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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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Deepfakes Threaten To Become The New BEC Scam

PYMNTS

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

Fintech News

In recent years, the banking sector in the Association of Southeast Asian Nations (ASEAN) has witnessed a significant surge in scams and fraud activities. DBS isn’t the only bank making news for phishing scams. US$129,841). Losses exceeded S$13 million (US$9.59 Losses exceeded S$13 million (US$9.59

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Banking Execs Must ‘Wake Up’ as Security Measures Fail to Keep Up With Biometric Fraud

The Fintech Times

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.

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Balancing AI’s Benefits and Threats Across Fraud and Cybersecurity

Seon

Such uncertainty is unwelcome in cybersecurity and fraud. How can the technology driving novel and increasingly sophisticated fraud activities be harnessed to combat scams and cyber risks cost-efficient and effectively? 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

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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