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Deepfake Dangers Escalate: AuthenticID Unveils Troubling Trends in 2025 Fraud Report

The Fintech Times

Account takeover scams saw a dramatic increase of 250 per cent last year. The use of deepfake technology and generative AI is also on the rise, compounding the threat range. The post Deepfake Dangers Escalate: AuthenticID Unveils Troubling Trends in 2025 Fraud Report appeared first on The Fintech Times.

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Identity Fraud Surges in Scale and Sophistication, with APAC’s Financial Services Becoming a Prime Target

Fintech News

Data from identity verification specialist Sumsub reveal that identity fraud incidents have more than doubled in the past three years, with account takeovers and deepfakes emerging as major concerns. Notably, account takeovers witnessed a remarkable increase, increasing by 250% year-over-year (YoY) on a worldwide basis.

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Organisations Remain Unprepared to Fight AI-Driven Fraud, Signicat Reveals

The Fintech Times

Fraud prevention decision-makers across Europe are well aware of the growth and danger of AI-driven identity and financial fraud, but are unprepared to combat it, Signicat , the European digital identity and fraud prevention solution provider, has revealed in a new report. “AI is only going to get more sophisticated from now on.

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Digital Document Forgeries Overtake Physical Forgeries For the First Time As Deepfakes on the Rise

The Fintech Times

Artificial intelligence (AI) has emerged as a key component in the modern fight against fraud. In its sixth edition, the 2025 Identity Fraud Report found that attacks involving deepfakes happened every five minutes in 2024, and digital document forgeries increased by 244 per cent year over year. per cent of attacks globally).

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Deepfake fraud has increased by 2,137% over the last 3 years

Neopay

The financial sector is facing an unprecedented surge in AI-driven fraud, with deepfake-related attacks increasing by a staggering 2,137% over the past three years. of all fraud attempts detected in the financial sector now involve AI-generated forgeries, with deepfakes leading the charge.

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72% of Consumers Worry About Becoming a Victim of Fraud Due to Deepfakes, Jumio Finds

The Fintech Times

The rapidly increasing prevalence of AI-generated content and deepfakes has left many questioning everything they see online. In fact, as much as 72 per cent of consumers worry on a day-to-day basis about being fooled by a deepfake into handing over sensitive information or money.

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Sumsub Combats Fraud Networks in APAC With Upgraded Solution

Fintech News

This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks. Fraud networks, however small they may seem right now, will gain prominence, just like AI-powered deepfakes. said Pavel Goldman-Kalaydin, Head of AI/ML at Sumsub.

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