The Payments Association

OCTOBER 22, 2024

This increase was driven by fraudsters leveraging sophisticated techniques, such as fraud networks, phishing scams and AI-generated deepfakes, to trick victims into authorising payments. Mitigating APP fraud While refunds provide some level of protection for individuals, they are perceived as a constant burden for financial institutions.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

The Fintech Times

MAY 24, 2024

The urgency to manage AI-related identity risks, including deepfakes , is low in the UK with around one third (35 per cent) already having a strategy in place to manage threats of this nature. Only 45 per cent of global organisations have implemented multi-factor authentication (MFA). respondents saying the same.

Authentication 59

Authentication MFA Deepfake AI 59

The Payments Association

DECEMBER 10, 2024

Fraudsters are continuously finding new sophisticated ways of leveraging AI to carry out cyber threats, with traditional fraud prevention methods, which rely on fixed rules and human intervention, being no longer sufficient to detect and mitigate the complex and evolving tactics used by fraudsters. keystroke dynamics or mouse movements).

AI 88

AI Fraud Detection Deepfake Fraud Prevention 88