Identity Fraud Surges in Scale and Sophistication, with APAC’s Financial Services Becoming a Prime Target
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. of all verifications analyzed worldwide by Sumsub, marking a staggering 136.4% of all deepfake attacks directed at the industry.
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