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Deepfakes and threats of AI Such activity could lead to identitytheft, which IDnow believes should be a concern to the UK public, especially given the rise in deepfake technology. They need to go further in terms of fraud prevention technology to meet their customers’ risk appetite, especially when their money is at stake.
Cybercriminals are also developing a variety of threats including clone phishing, spear phishing, smishing and other specialized types of phishing. Savvy risk management thus begins with determining how data can be used to sooner identify and act on fraud. Phishing attacks can also target CU employees.
With geographically specific strategies, issuers can define and implement rules that address the increased risk in distinct locations, or establish limits on transaction amounts in areas where skimming incidents are higher. Knowing where skimmers are most prevalent is also a powerful piece of knowledge. Debbie holds a B.A.
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