As the rise of generative artificial intelligence (AI) technologies has created new opportunities for businesses and individuals looking to leverage those new tools, it has also opened the door to the misuse of those technologies by fraudsters looking to use deepfakes and other methods to carry out crimes.
Some data indicate that the use of AI-generated deepfakes to commit crimes is on the rise. Sumsub – a company that offers know-your-customer (KYC), know-your-business (KYB), transaction monitoring and anti-money laundering solutions – released data Monday showing an uptick in deepfake fraud over the last year. Deepfakes use biometric data to produce counterfeit images and audio that appear realistic to an unwitting viewer or
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