Remove Deepfake Remove Fraud Detection Remove Scams
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Unmasking the Threat of Deepfake Scams in the Financial Sector of Asia

Fintech News

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. Economic Ramifications of Deepfake Scams The global impact of impersonation scams can be far-reaching, and expensive.

Deepfake 108
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Automated Bot Attacks Surge on Social Media in 2024, AU10TIX Reveals

The Fintech Times

AI-powered fraud-as-a-service (FaaS) platforms have enabled these mass-scale attacks, contributing to APAC now holding the highest global fraud rate, with 3.27 Bots and deepfakes The rise of bots using deepfake technology to create convincing fake profiles poses an additional challenge.

Bots 59
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Balancing AI’s Benefits and Threats Across Fraud and Cybersecurity

Seon

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. Learn More Sources : 1.

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Traditional Fraud Prevention Measures Aren’t Enough

Seon

Historically, companies have resorted to a patchwork of point solutions and variegated tools across a fraud-fighting tech stack, leading to fragmented data and operational inefficiencies from switching from one solution to the subsequent and obfuscated risk views.

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Leveraging AI & Innovative Tech to Combat Emerging Complex Fraud Schemes

Seon

As a result, organizations face large volumes of fraudulent data, necessitating heightened vigilance and advanced detection methods to protect themselves – and their customers or users. Other AI applications include enhancements to traditional scams, such as phishing and social engineering attacks.

AI 52
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Bridging The Security Gap To Win Customers’ Trust

PYMNTS

STACK implements various behind-the-scenes procedures — tokenization, identity verification and automated fraud detection, for example — and provides customer-facing options that give users a sense of control and transparency.