Neopay

FEBRUARY 27, 2025

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. According to the research, 42.5%

Deepfake 52

Deepfake Fraud Detection Account Takeovers Fraud Prevention 52

The Paypers

NOVEMBER 14, 2024

US-based identity platform Persona has partnered with Okta to deliver an automated identity verification solution and support organisations to safeguard against phishing and deepfakes.

Deepfake 68

Deepfake Phishing Verification Security 68

The Payments Association

MAY 7, 2025

1) AI-driven fraud and deepfakes Fraudsters are increasingly leveraging Artificial Intelligence (AI) to conduct highly convincing scams. These sophisticated attacks are designed to deceive even the most cautious businesses and consumers, from AI-generated phishing emails to deepfake videos and voice impersonations. How avoided.io

Risk 88

Risk Disputes Debit Card Cross-Border 88

The Fintech Times

FEBRUARY 23, 2024

IDnow , the identity verification platform provider, has revealed that there is a massive gap in UK consumer knowledge when it comes to key tactics used by fraudsters. Developments in generative artificial intelligence (AI) mean deepfake technology can now be used to create hyper-realistic fake documents. Not to mention videos too.

Continuity 69

Continuity Deepfake Risk Smishing 69

Finovate

FEBRUARY 8, 2024

Payments, identities, and data security company Entrust confirmed that it has entered “exclusive discussions” to acquire identity verification technology company Onfido. Trusted payments, identities, and data security company Entrust may be on the verge of acquiring identity verification (IDV) technology company Onfido.

Acquirers 52

Acquirers Verification Deepfake AI 52

The Fintech Times

AUGUST 13, 2024

Fraudsters are leveraging artificial intelligence (AI) tools like voice cloning and deepfakes to create highly convincing fake audio or video messages to deceive victims into transferring money or revealing sensitive information. This leaves many vulnerable to sophisticated AI-powered attacks like deepfakes and voice cloning.

AI 59

AI Fraud Detection Fraud Prevention Phishing 59

Seon

MAY 23, 2024

This enables the fraudster to intercept authentication messages, bypassing security measures that rely on SMS verification. What was heralded as high security due to a reliance on unique biological characteristics is now facing challenges from emerging fraud technologies such as spoofing and deepfakes.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

Seon

JUNE 27, 2024

AI’s capabilities, like machine learning algorithms, are being trained to identify and exploit vulnerabilities, automate phishing attacks and bypass traditional security measures. AI can generate synthetic identities, create deepfakes and lead other persuasive and difficult-to-detect social engineering tactics.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

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. Average deepfake fraud growth by region, 2024 As economies across APAC continue to digitalise, the threat of identity fraud will only escalate.

APACS 105

APACS Deepfake Identity Theft Account Takeovers 105

The Payments Association

DECEMBER 10, 2024

Understanding AI-enabled fraud As fraudsters invest in more sophisticated technology, including deepfakes, synthetic identities and automated phishing, the need for payments firms to adopt better AI-driven fraud detection systems grows. fingerprints, facial recognition), and behavioural biometrics (e.g.,

AI 88

AI Fraud Detection Fraud Prevention Deepfake 88