FB pixel

Survey shows cybersecurity experts see risk of deepfake fraud, but few have taken action

Survey shows cybersecurity experts see risk of deepfake fraud, but few have taken action

More than three out of four cyber security decision-makers at financial services companies are concerned about the potential for fraud leveraging deepfakes, but just over one in four (28 percent) have implemented measures to mitigate that threat, according to a survey released by iProov.

Asked what services are most threatened by deepfakes, half of respondents said online payments, while 46 percent said personal banking services. Their customers are at least somewhat concerned about deepfakes, according to 71 percent, and 64 percent say the threat will worsen.

Deepfakes are also the most likely approach to compromise facial authentication security, according to 43 percent of the more than 100 experts polled by iProov.

“Whilst it’s encouraging to see the industry acknowledge the scale of the dangers posed by deepfakes, the tangible measures being taken to defend against them are what really matter,” comments iProov Founder and CEO Andrew Bud.

“It’s likely that so few organisations have taken such action because they’re unaware of how quickly this technology is evolving. The latest deepfakes are so good they will convince most people and systems, and they’re only going to become more realistic.”

Facebook moved to ban deepfakes from its social media platform earlier this month to fight misinformation.

Bud was made a CBE for services to Great Britain’s exports in recent honors bestowed by Queen Elizabeth.

Article Topics

 |   |   |   |   |   |   |   | 

Latest Biometrics News


Biometrics developers dance with data privacy regulations continues

Biometrics controversy and investments are often found side by side, as seen in many of this week’s top stories on…


EU AI Act should revise its risk-based approach: Report

Another voice has joined the chorus criticizing the European Union’s Artificial Intelligence Act, this time arguing that important provisions of…


Swiss e-ID resists rushing trust infrastructure

Switzerland is debating on how to proceed with the technical implementation of its national digital identity as the 2026 deadline…


Former Jumio exec joins digital ID web 3.0 project

Move over Worldcoin, there’s a new kid on the block vying for the attention of the digital identity industry and…


DHS audit urges upgrade of biometric vetting for noncitizens and asylum seekers

A recent audit by the DHS Office of Inspector General (OIG) has called for the Department of Homeland Security (DHS)…


Researchers spotlight Russia’s opaque facial recognition surveillance system

In recent years, Russia has been attracting attention for its use of facial recognition surveillance to track down protestors, opposition…


One Reply to “Survey shows cybersecurity experts see risk of deepfake fraud, but few have taken action”

  1. All this hand waving… At this moment in time, deepfakes are the problems of celebrities politicians. And, frankly, many are quite funny. As the tools get cheaper and better, individual account access could be impacted. But! If the biometric system is already robust against video, then deepfakes will be summarily handled, as they would be considered nothing more than video-based spoof attempts. If the attempt is not verified as a present and alive human, then it’ll be rejected.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events