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.

Deepfake 68

Deepfake Continuity Risk Smishing 68

Fintech News

JUNE 30, 2024

Finally, it highlights the rise of AI-powered cyberattacks, with deepfakes and email phishing attacks increasing substantially. Sumsub’s 2023 Identity Fraud Report reveals a tenfold increase in the number of deepfakes detected globally from 2022 to 2023, with the crypto and fintech sectors accounting for 96% of these cases.

AI 102

AI APACS Deepfake Economy 102

The Fintech Times

AUGUST 13, 2024

Fraudsters are leveraging artificial intelligence (AI) tools like voice cloning and deepfakes to create highly convincing fake audio or video messages to deceive victims into transferring money or revealing sensitive information. This leaves many vulnerable to sophisticated AI-powered attacks like deepfakes and voice cloning.

AI 58

AI Fraud Detection Fraud Prevention Deepfake 58

Seon

MAY 23, 2024

With inherent portability and connectivity, mobile devices are prime targets for exploitation, and contemporary cybercriminals are leveraging these characteristics to perpetrate more fraud than ever before, including phishing scams, malicious apps and social engineering tactics explicitly tailored for mobile platforms.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

The Fintech Times

MARCH 6, 2024

In fact, 71 per cent of respondents named it as the number one issue, particularly in automated attacks and deepfake technologies. Seventy-three per cent of respondents expect an uptick in these types of fraud: phishing, synthetic fraud, identity theft, account takeovers (ATO) and money-laundering.

AI 58

AI Fraud Prevention Identity Theft Account Takeovers 58

Seon

SEPTEMBER 28, 2023

Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. The diagram below shows the typical sequence of actions that phishing attackers take when carrying out social engineering attacks. The answer is security awareness training.

Security 52

Security Phishing Best Practices Data Breach 52

Finovate

FEBRUARY 8, 2024

Entrust would also be able to leverage biometric, phishing-resistant authentication for use in high-value transactions. “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.

Acquirers 52

Acquirers Verification Deepfake AI 52

Seon

JUNE 27, 2024

AI’s capabilities, like machine learning algorithms, are being trained to identify and exploit vulnerabilities, automate phishing attacks and bypass traditional security measures. AI can generate synthetic identities, create deepfakes and lead other persuasive and difficult-to-detect social engineering tactics.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

The Fintech Times

JANUARY 17, 2024

Risks include deepfakes, sophisticated cyber hacks, and the use of generative AI to create malware. AI: Fighting the emerging threat Two-thirds (66 per cent) of financial industry respondents think the use of AI by fraudsters and other criminals poses a growing cybersecurity threat.

AI 58

AI Financial Crimes Crime Security 58

Seon

JUNE 7, 2024

Other AI applications include enhancements to traditional scams, such as phishing and social engineering attacks. By personalizing approaches and crafting tailored messages, fraudsters can appear more convincing than ever to unsuspecting targets.

AI 52

AI Innovation Fraud Prevention Fraud Detection 52

The Fintech Times

DECEMBER 21, 2023

. “With new technology, however, comes elevated risks, which will lead financial institutions to adapt their strategies to counter these issues such as new types of fraud, deepfakes and advanced phishing schemes.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115

Seon

JUNE 1, 2023

On top of this, those industries that continue to rely on checks utilize them regularly because the presence of a physical paper trail means that transactions cannot be interfered with digitally, such as through hacking and phishing emails.

Checks 52

Checks Security Fincen Payer 52

CB Insights

MAY 3, 2018

Automated laser phishing. Automated laser phishing: the hyper-targeted use of malicious AI to mimic trustworthy entities that compel targets to act in ways they otherwise would not, including the release of secrets. Deepfake Society bans pornography (it has sister sites that do not). Table of contents. Computational propaganda.

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Bots Deepfake Phishing AI 78