Deepfake, Fraud Detection and Mitigation

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

Fintech News

APRIL 25, 2025

Identity fraud is evolving into a global issue, growing both in frequency and complexity. 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 total fraud attempts.

Deepfake

Deepfake APACS Account Takeovers Verification

Unmasking the Threat of Deepfake Scams in the Financial Sector of Asia

Fintech News

APRIL 7, 2024

In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the financial sector in Asia. Economic Ramifications of Deepfake Scams The global impact of impersonation scams can be far-reaching, and expensive.

Deepfake

Deepfake Scams Fraud Detection Verification

Navigating the rise of AI-enabled fraud

The Payments Association

DECEMBER 10, 2024

Fraudsters are continuously finding new sophisticated ways of leveraging AI to carry out cyber threats, with traditional fraud prevention methods, which rely on fixed rules and human intervention, being no longer sufficient to detect and mitigate the complex and evolving tactics used by fraudsters.

AI

AI Fraud Detection Fraud Prevention Deepfake

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

The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. From fraud detection to customer support, AI-driven solutions are revolutionising how payments are processed and safeguarded. What is this article about?

Privacy

Privacy Payment Security AI Security

The growing threat of AI-enabled fraud

Neopay

JANUARY 22, 2025

According to a recent report by the National Crime Agency (NCA), GenAI represents one of the most substantial threats to the fraud landscape today. Fraudsters are exploiting GenAI tools such as large language models (LLMs), voice cloning, and deepfakes to carry out increasingly sophisticated scams that are harder to detect and prevent.

AI

AI Deepfake Phishing Audit

LexisNexis Risk Solutions Agrees to Acquire IDVerse

Finovate

DECEMBER 11, 2024

LexisNexis Risk Solutions has signed an agreement to acquire document authentication and fraud detection solutions provider IDVerse. The acquisition will enhance LexisNexis Risk Solutions’ ability to combat emerging threats such as AI-generated fraud and deepfakes. Terms were not disclosed.

Risk

Risk Acquirers Deepfake Fraud Detection

Top 5 fraud trends affecting high-risk merchants in 2025

The Payments Association

MAY 7, 2025

This article explores the top 5 fraud trends impacting high-risk merchants in 2025 and how innovative solutions like avoided.io can safeguard your business with real-time chargeback prevention and fraud management. helps: Near real-time fraud detection: By leveraging combined alerts from Ethoca and Verifi, avoided.io

Risk

Risk Disputes Debit Card Cross-Border

AI in payments: The battle against fraud’s evolving threat

The Payments Association

APRIL 2, 2025

The panellists described a troubling evolution: traditional scams being supercharged by artificial intelligence. “Real-time deepfakes have moved beyond theoretical concerns,” explained David Sutton, chief innovation officer at Featurespace. “Model-based approaches for fraud detection have been around for a long time.

AI

AI Financial Crimes Deepfake Fraud Prevention

The PSR’s new fraud refund rules: A step forward, but is it enough?

The Payments Association

OCTOBER 22, 2024

According to the Payment Systems Regulator (PSR) , the volume of APP fraud cases rose by 12% last year. This increase was driven by fraudsters leveraging sophisticated techniques, such as fraud networks, phishing scams and AI-generated deepfakes, to trick victims into authorising payments.

Rules

Rules Fraud Prevention Caps Deepfake

3 Ways Fintechs are Helping Financial Institutions Fight Fraud

Finovate

AUGUST 14, 2024

The battle against fraud is a never-ending one. From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys. ” Alex Shootman is CEO.

Credential

Credential FinTech Deepfake Fraud Detection

Balancing AI’s Benefits and Threats Across Fraud and Cybersecurity

Seon

JUNE 27, 2024

Such uncertainty is unwelcome in cybersecurity and fraud. Both fields are defined by their abilities to predict, prevent and mitigate risks. On the one hand, AI’s capabilities enhance defense mechanisms, enabling the detection and counteraction of fraud with remarkable efficiency. Learn More Sources : 1.

Cybersecurity

Cybersecurity Fraud Detection Identity Theft Money Laundering

APP fraud: Mid-year review

The Payments Association

JUNE 16, 2025

Fraud is a broader ecosystem challenge where scams move like water, exploiting vulnerabilities across multiple touchpoints. With increasing attack vectors, organisations need proper software solutions and visibility to mitigate risk effectively. Meanwhile, fraud techniques have continued to evolve at pace.

Scams

Scams Assessments Consumer Protection Fraud Prevention

Traditional Fraud Prevention Measures Aren’t Enough

Seon

MAY 23, 2024

Historically, companies have resorted to a patchwork of point solutions and variegated tools across a fraud-fighting tech stack, leading to fragmented data and operational inefficiencies from switching from one solution to the subsequent and obfuscated risk views.

Fraud Prevention

Fraud Prevention Deepfake Fraud Detection Authentication

Socure and Trustly Partner to Offer Industry-First Streamlined Onboarding and Open Banking Payments Process for Merchants and Fintechs

Fintech Finance

FEBRUARY 29, 2024

By combining Socure’s accurate and inclusive identity verification and fraud prevention ID+ platform with Trustly’s guaranteed Pay by Bank offering, merchants can onboard users and process payments in one integrated flow. Trustly, with direct banking integrations, provides instant Open Banking payments with transaction guarantees.

Fraud Prevention

Fraud Prevention Process FinTech Online and Mobile Banking

Online Lending Round Table Takeaways: Navigating Fraud and Risk in 2024

Seon

SEPTEMBER 20, 2024

For instance, fraudsters now leverage innovative technologies to create deepfakes, bypassing traditional identity verification methods like document ID checks and biometrics. This technological arms race is driving a cultural shift within lending organizations, pushing them toward more nuanced anti-fraud strategies.

Risk

Risk Fraud Prevention Risk Management Deepfake

Payments Space

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

Unmasking the Threat of Deepfake Scams in the Financial Sector of Asia

Trending Sources

Navigating the rise of AI-enabled fraud

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

The growing threat of AI-enabled fraud

LexisNexis Risk Solutions Agrees to Acquire IDVerse

Top 5 fraud trends affecting high-risk merchants in 2025

AI in payments: The battle against fraud’s evolving threat

The PSR’s new fraud refund rules: A step forward, but is it enough?

3 Ways Fintechs are Helping Financial Institutions Fight Fraud

Balancing AI’s Benefits and Threats Across Fraud and Cybersecurity

APP fraud: Mid-year review

Traditional Fraud Prevention Measures Aren’t Enough

Socure and Trustly Partner to Offer Industry-First Streamlined Onboarding and Open Banking Payments Process for Merchants and Fintechs

Online Lending Round Table Takeaways: Navigating Fraud and Risk in 2024

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