Deepfake Deception: Fraudsters Outpace Security with AI Trickery
Deepfake technology is increasingly used by fraudsters to bypass identity verification, comprising 24% of fraudulent attempts, according to Entrust’s report. Deepfakes are less common in basic selfie-based checks but are a growing concern in Know Your Customer procedures. Businesses must adapt strategies to counter these sophisticated threats.
Hot Take:
Deepfakes are becoming the Swiss Army knife of the fraud world, slicing through digital defenses with more finesse than a cat burglar in a tuxedo. Forget James Bond, the real spies are your run-of-the-mill fraudsters with a knack for AI trickery. If you’re not worried yet, maybe it’s time to invest in a good old-fashioned paranoia starter kit!
Key Points:
- Deepfakes comprise 24% of fraudulent attempts to pass motion-based biometrics checks.
- These fake attempts are less frequent (5%) in bypassing basic selfie-based checks.
- Entrust reports a deepfake attack every five minutes in 2024.
- Fraudsters use “injection attacks” to manipulate identity verification systems.
- Deepfakes are also used for fake celebrity endorsements and misinformation campaigns.
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