Fake People Ruining The Real World? Finance Might Have An AI Problem
AI-generated super synthetic identities are the bad actors’ newest tool in defrauding financial institutions, but the widespread impacts don't stop there.
Source: forbes.com
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AI speeds synthetic identity fraud, enabling human-like interactions
Fake identities are driving a boom in financial fraud. A new study has shown that AI-generated identity fraud has risen 17 percent over the past two years.
Source: biometricupdate.com
AI boosts growth in 'synthetic' identity fraud
A new survey of 500 financial executives in the US shows a 17 percent increase in 'synthetic' identity fraud cases over the past two years, with more than a third of professionals reporting a significant surge of 20 to 50 percent.
Source: betanews.com
Deduce Raises $9M to Tackle AI-Generated Identity Fraud
Press Release Deduce, the only patented technology platform designed to prevent AI-generated identity fraud, today announced $9M in funding led by Freestyle Capital, with additional investment by Foundry and True Ventures. The funding will launch Deduce’s GenAI Identity…
Source: venturebeat.com
Deduce nets $9M investment to scale synthetic identity fraud prevention service
Anti-fraud firm Deduce has announced $9 million in Series B funding, led by Freestyle Capital and supported by Foundry and True Ventures.
Source: biometricupdate.com