Collaborate Disseminate
The rise in identity fraud over the past two years has significantly impacted all industries, especially finance, banking, fintech, and crypto, according to Regula. With deepfakes threatening every second company around the world, businesses won’t be a… Continue reading Deepfakes force a new era in fraud detection, identity verification
In this Help Net Security interview, Patrick Harding, Chief Architect at Ping Identity, discusses the growing threat of deepfake-related fraud and its impact on financial security. He also discusses overlooked vulnerabilities in digital banking and off… Continue reading Overwhelmed by fraud? Here’s how financial pros fight back
The crypto sector stands out as the only surveyed industry where deepfake fraud surpasses traditional document fraud in prevalence, according to Regula. Crypto companies suffer significant losses from fraud The study finds that 57% of crypto companies … Continue reading Crypto companies are losing ground to deepfake attacks
As cybercriminals continue to adapt their techniques to find new ways through defenses, AI-assisted fraud is growing increasingly sophisticated and frequent, according to Entrust. The findings reveal a deepfake attack happened every five minutes in 202… Continue reading Deepfake attacks occur every five minutes
In this Help Net Security interview, Brian Pontarelli, CEO at FusionAuth, discusses the evolving authentication challenges posed by the rise of hybrid and remote workforces. He advocates for zero trust strategies, including MFA and behavioral biometric… Continue reading How hybrid workforces are reshaping authentication strategies
Aided by the emergence of generative artificial intelligence models, synthetic identity fraud has skyrocketed, and now accounts for a staggering 85% of all identity fraud cases. For security professionals, the challenge lies in staying one step ahead o… Continue reading Fighting AI-powered synthetic ID fraud with AI
As innovative digital verification methods continue to emerge, the debate around their reliability and effectiveness is heating up, according to Regula. Companies employ various methods for identity verification Despite digital advances, many organizat… Continue reading The biggest downsides of digital ID adoption
The Jumio 2024 Online Identity Study reveals significant consumer concerns about the risks posed by generative AI and deepfakes, including the potential for increased cybercrime and identity fraud. The study examined the views of more than 8,000 adult … Continue reading Consumers continue to overestimate their ability to spot deepfakes
Document image-of-image was the most prevalent identity (ID) document fraud technique in 2023, occurring in 63% of all IDs that were rejected, according to Socure. Selfie spoofing and impersonations dominate document-related identity fraud Document ima… Continue reading Selfie spoofing becomes popular identity document fraud technique
Few joys remain untouched by the necessity of identity verification. With its ubiquitous presence, the call for heightened security, improved accessibility, and seamless authentication resonates loudly for businesses and individuals alike. In response,… Continue reading What the ID of tomorrow may look like