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AI Voice Cloning Pushes 91% of Banks to Rethink Verification

Banks are concerned about advancements in voice-cloning technology and the threat it poses to authentication. The failure of identity-centric solutions to combat ....

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TransUnion Analysis Finds Synthetic Identity Fraud Growing to Record Levels

24.08.2023 - U.S. lender exposure to synthetic identities is nearly $3 billion; Auto loans reach $1.8 billion representing more than 60% of total exposure to synthetic identitiesCHICAGO, Aug. 24, 2023 (GLOBE NEWSWIRE) - As origination volumes for some credit . ....

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Federal Reserve Releases Synthetic Identity Fraud Mitigation Toolkit to Educate, Fight Fraud

CHICAGO (BUSINESS WIRE) Feb 8, 2022 ....

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ACAMS Hollywood: Cybercriminals using bots, deepfakes & synthetic identities to defraud financial institutions | Thomson Reuters Regulatory Intelligence and Compliance Learning

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During a recent online ACAMS panel, experts discussed what anti-money laundering professionals need to do to protect their institutions and clients from cybercrime
Deepfake technology, a type of artificial intelligence that allows a user to create a very convincing replica of a person or image, has gained traction in the cybercriminal world. You may even have seen some of these more innocuous examples such as Queen Elizabeth dancing on a tabletop in an altered video or the Rev. Martin Luther King Jr. reanimated.
The bigger question being raised by these cybercrime tactics is ....

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