Evolve Payment

OCTOBER 22, 2024

These AI-created images, videos, and audio content, called deepfakes, showcase how advanced AI generation tools have become. AI deepfakes often have convincing video and voice manipulation, making them increasingly difficult to identify–and this technology is only becoming more advanced and easily accessible.

Deepfake 98

Deepfake Verification Fraud Detection AI 98

The Payments Association

DECEMBER 9, 2024

The potential for misuse of AI in creating deepfakes or facilitating fraud adds another layer of ethical complexity. The key to mitigating these risks lies in adopting best practices, including AI explainability, robust encryption, and ongoing model training. Moreover, there are growing concerns about bias in AI algorithms.

Privacy 88

Privacy Payment Security AI Security 88

Fintech News

FEBRUARY 10, 2025

They are currently leveraging AI-driven chatbots and deepfake technology to create more convincing frauds. While traditional darknet marketplaces have seen a decline in activity, drug dealers have moved operations to encrypted messaging apps like Telegram and Signal. billion globally.

Crime 79

Crime Ransomware Scams Phishing 79

Finovate

FEBRUARY 8, 2024

“Deepfakes and synthetic identity are driving a global need for a powerful level of identity assurance that facilitates crucial digital journeys in banking, finance, government, travel, and more,” Wilkinson said. Photo by fauxels The post Entrust Confirms Plans to Acquire Onfido appeared first on Finovate.

Acquirers 52

Acquirers Verification Deepfake AI 52

PYMNTS

SEPTEMBER 12, 2019

Customers could enter their personal information to be encrypted and stored on the blockchain, allowing financial institutions to access the transaction history of their digital currency and to verify their identity. It’s possible that regulators could require verified wallets to be KYC- and AML-compliant. Artificial Intelligence.

Procedures 46

Procedures Cryptocurrency Regulations AML 46

Seon

SEPTEMBER 28, 2023

Network security maintenance : The use of regularly updated firewalls and encryption systems. Future security measures, such as generative AI and deepfake detection – particularly given that biometric authentication will become increasingly challenged by AI-focused fraudsters in the years to come.

Security 52

Security Phishing Best Practices Data Breach 52

The Fintech Times

DECEMBER 5, 2024

The next line of defence Normal 256 Bit Encryption is becoming obsolete, and AI-driven fraud is increasing in sophistication so quickly that fraudsters will soon be able to create virtually undiscernible proof-of-life documents that will fool even the most discriminating eye or identification system.

Data Breach 59

Data Breach Breach Ransomware Deepfake 59