Deloitte predicts losses of up to $40B from generative AI-powered fraud
When an employee on a video call at Arup’s Hong Kong offices transferred US$25 million to fraudsters at the request…
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Hypr nets $30M investment to beef up security against threat of generative AI
HYPR has scored a major cash infusion from Silver Lake Waterman, announcing a $30 million investment to accelerate the development…
SenseTime eyes generative AI as revenue alternative to facial recognition
Chinese artificial intelligence firm SenseTime, known for its facial recognition technology, is zooming in on another source of income –…
Financial fraud is exploding, fueled by cheap and easy generative AI tools
If biometrics and digital identity providers seem hyperbolic about the risk of fraud and the importance of data security, consider…
Generative AI enabling identity fraud at scale: Au10tix report
An eight month-long identity fraud campaign coordinated by organized crime groups has attempted 22,080 fraudulent user onboarding attempts by repeatedly…
Generative AI injection attacks best tackled at source, says new Yoti white paper
Yoti has released a new white paper on the threat of generative AI and the best ways organizations can defend…
ACFE report says generative AI and biometrics key to fighting fraud, now and in future
It could not be put more plainly: “in 2024, using technology as part of an anti-fraud program is a necessity.”…
Generative AI: How to protect your business in the golden age of fraud and disinformation
Generative artificial intelligence (AI) technologies have exploded in quality and popularity. These technologies can create a variety of content including…
Biometric ID firms face the music on growing threat of generative AI, says iProov
The latest threat intelligence report from iProov addresses the algorithmic elephant in the room, as implied by its subtitle: “The…
