article thumbnail

Navigating the rise of AI-enabled fraud

The Payments Association

What is this article about? The article explores the growing threat of AI-enabled fraud in the payments sector and how firms can combat it with advanced technologies. Why is it important? What’s next? The increasing sophistication of AI-driven fraud presents significant financial, reputational, and operational risks.

AI
article thumbnail

The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

What is this article about? The potential for misuse of AI in creating deepfakes or facilitating fraud adds another layer of ethical complexity. The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. Why is it important? What’s next?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How Financial Institutions Can Combat Business Email Compromise (BEC)

Fi911

Future-Proofing Against Evolving BEC Threats Deepfake technology brings new challenges. Root cause analysis, control testing, and process updates prevent repeat incidents, and sharing sanitized findings with industry peers strengthens collective defense. Voice cloning and video manipulation will make verification harder.

article thumbnail

The platform risk paradox: Managing digital commerce fraud at scale

The Payments Association

The platform risk paradox: Managing digital commerce fraud at scale 12 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? AI-driven scams leverage sophisticated attacks from phishing emails to deepfake videos and voice impersonations. Why is it important?

article thumbnail

APP fraud: Mid-year review

The Payments Association

APP fraud reimbursement: A six-month policy review 16 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? In the past five years, the UK has seen a sharp increase in the sophistication of APP fraud, driven by innovations such as deepfake technology, real-time payment abuse, and social engineering.

article thumbnail

News & Views Podcast | Episode 163: Deepfake Tech & Aro’s secure loan advice

The Fintech Times

On this week’s episode of News & Views, The Fintech Times podcast team take a look into the latest initiative to protect people from the dangers of deepfakes and chats about TotallyMoney ‘s product expansion offering a greater choice of loan products thanks to a new partnership.

article thumbnail

The Shifting Landscape of Fraud and Identity in 2024

Fintech News

This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio. The menace of deepfakes and disinformation The exponential growth of APAC’s digital economy also enables new disinformation threats.