With AI tools and crypto aiding financial fraud, cops and industry gear up for a fight
The fraudulent practice of “pig butchering” continues to be a major concern in financial fraud, as highlighted in a recent…
generative AI
Biometric Update regularly writes posts regarding the term "generative AI." The following set of links is available to assist you with finding biometrics news about "generative AI" and other relevant terms. More tags may be explored by reviewing our comprehensive Biometrics Topics list.
Nations and companies line up defenses against AI deepfake fraud
Regulatory alarms are sounding on new risks presented by deepfake technology and the concurrent spike in AI-driven fraud. New security…
Tidal wave of financial fraud gaining momentum from AI, deepfakes
Mitek Systems Inc. has released the results of its Identity Intelligence Index 2024, shaking loose many of the familiar specters…
NIST data protection guidance, international standards follow Biden executive order
Following Joe Biden’s executive order for data protection at the end of February, the Department of Commerce has announced three…
AI is a major threat and financial organizations are not doing enough to fight it
Behavioral biometrics firm Biocatch’s 2024 AI, Fraud, and Financial Crime Survey does not mince words in assessing how generative AI…
New LLM version boosts SenseTime stock to fraction of former price
Trading in SenseTime stock on the Hong Kong exchange was paused on Wednesday following a 30 percent surge sparked by…
Microsoft teases easy video deepfake tool, declines to release it
Microsoft is the latest tech giant to tease an AI product so good at producing deepfake humans that it poses…
OpenAI says its voice cloning tool is too effective for public release
In the original story of the genie in a bottle from One Thousand and One Nights, the genie threatens to…
AI fraud may be too much for some financial companies, warns Treasury Dept
The risks of generative artificial intelligence are looming over the financial services industry. As access to more advanced AI tools…
AI for secure digital identity revolutionizing banking in Pakistan
Artificial Intelligence (AI), is revolutionizing the banking sector and presents unprecedented options for proficiency and innovation. The adoption of AI…
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