Tag: KYC scam
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Synthetic Identities: Deepfakes and AI Photos Fueling Online Fraud
Online identity is rapidly becoming the foundation of how organisations verify customers, approve transactions, and manage risk. A name, a face, and an identification document used to be enough to build confidence in a digital interaction. That assumption no longer holds. Generative AI has introduced a new threat vector: synthetic identities that combine fabricated personal…
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AI-Generated Faces Are Breaking KYC Systems
For years, financial institutions have relied on a simple assumption: a real human stands behind every selfie used in a Know Your Customer (KYC) check. The photo a user submits – whether a face scan, a video blink test, or an image of an ID – has long been treated as one of the strongest…
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AI-Generated Photos: The New Face of Insurance Fraud and KYC Scams
As artificial intelligence evolves, so do the methods used by fraudsters. A growing concern in the digital world is the use of AI-generated photos to commit insurance fraud and KYC scams. These realistic but fake images are helping criminals bypass verification systems and file fraudulent claims – costing businesses and consumers billions. How Are AI…