Deepfake Fraud Prevention Identity Theft 
Fintech News
JULY 10, 2024
These partnerships aim to enhance fraud prevention efforts and strengthen the business environment in the region. Sumsub reports significant increases in fraud, particularly in deepfakes, across the Philippines, Indonesia, and Malaysia. Sumsub established its first APAC headquarters in Singapore in July 2023.
The Fintech Times
MARCH 6, 2024
However, bad actors have also been able to abuse the tech, and in 2024, 87 per cent of industry experts have acknowledged the tech could be used to drive fraud attempts according to a new SEON report. Some of these challenges include volume, cost, and complexities of fraud.
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.
Fintech News
JUNE 6, 2024
Strengthening Defences: Banks’ Strategies to Combat Scams and Fraud To combat this growing threat, banks in ASEAN are implementing a range of measures to strengthen their defences against scams and fraud. Malicious actors can now create highly convincing videos, images, or audio recordings with these tools.
Finovate
AUGUST 14, 2024
The battle against fraud is a never-ending one. From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys. Johnny Ayers is Socure’s founder and CEO.
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