Identity Theft, Smishing and Use Case

Despite Knowing Risks, Brits Continue to Expose Themselves to Cybercriminals Finds IDnow

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

Deepfake Continuity Risk Smishing

US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

FEBRUARY 16, 2023

Using real-time, two-way customer communication capabilities in the channel of customer choice (whether text, email, phone, or in-app messages), FIs can confirm whether a specific transaction was initiated by the consumer or whether it was a fraudster. Banks should deploy fraud checks prior to authorizing any purchase or payment transaction.

Compromise

Compromise Scams Debit Card Smishing

Payments Space

Despite Knowing Risks, Brits Continue to Expose Themselves to Cybercriminals Finds IDnow

US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

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