Fintech News

APRIL 25, 2025

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.

Deepfake 85

Deepfake APACS Account Takeovers Verification 85

Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks.

APACS 109

APACS Fraud Prevention Deepfake Account Takeovers 109

Fintech News

JUNE 6, 2024

. “Many financial organisations are already adopting biometric and liveness detection technologies to strengthen their fraud prevention systems,” said Frederic Ho, Vice President of APAC at Jumio. Malicious actors can now create highly convincing videos, images, or audio recordings with these tools.

Scams 109

Scams Phishing Deepfake Verification 109

The Fintech Times

NOVEMBER 19, 2024

Identity fraud across the Asia Pacific region (APAC) continues to rise, driven by increasingly sophisticated fraud tactics and the more widespread use of Fraud-as-a-Service (FaaS), according to the latest report from full-cycle verification platform, Sumsub.

Deepfake 64

Deepfake APACS Account Takeovers Identity Theft 64

Fintech News

APRIL 9, 2025

Sumsub , a global full-cycle verification platform, coins this trend as the democratisation of fraud in their 2024 APAC Identity Fraud report. According to the APAC Identity Fraud Trends 2024 report , approximately one in every 100 online platform users was involved in a fraud network in 2024.

APACS 96

APACS Deepfake Identity Theft Account Takeovers 96