Deepfakes

Early Warning argues that executive and vendor impersonation exploits inconsistent payment controls across multiple banking relationships, not just a failed biometric check.

We can't trust what we see or hear. A fraudster opened 46 bank accounts with a fake face. Your KYC controls are next. Are you actually ready, or just hoping for the best?

A panel of practitioners from Western Union, RBC Bank, and DuckDuckGoose AI have warned that deepfake-driven fraud in financial services has moved well beyond isolated incidents and is approaching industrial scale, while most organisations remain unprepared. Speaking on AI-360 Online, Nikita Kuzmin, Vulnavia McDuffey, and Parya Lotfi examined

Security models are no longer enough as multi-modal attacks overwhelm traditional controls, forcing a rethink of enterprise trust systems.

UK, EU, and US authorities investigate Grok deepfakes, testing how existing safety laws apply to generative AI platforms and their operators.

Sumsub said it has launched deepfake detection inside Video Identification, citing a 10x rise in deepfakes in its 2023 Identity Fraud Report.