How Can Financial Institutions Safeguard Themselves Against Deepfakes? - IT News Africa | Business Technology, Telecoms and Startup News

  • 📰 ITNewsAfrica
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 59%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

As the technology to create deepfakes becomes easier and cheaper, the need to guard against these cybercrimes have come to the forefront.

Within seconds, you can glimpse your future self or merge your image with a celebrity using deepfake technology. However, this innovation has raised concerns about potential misuse, from draining savings to committing fraud. As deepfake creation becomes more accessible, the threat of cybercrimes looms larger.

Murray Collyer, COO of iiDENTIFii, emphasizes that digital injection attacks pose a significant risk to financial services. Attackers leverage affordable AI technology, launching numerous scalable attacks. The surge in digital banking adoption by South Africans amplifies the deepfake threat. As digital accounts surge, financial and cyber crime intertwine. Interpol notes their status as a leading crime threat, projected to increase.

While liveness checks expose physical fraud, not all detect digital injection attacks. Collyer underlines the necessity for specialized technology.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 27. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

FSS Ignites Future of Payments with BLAZE - IT News Africa | Business Technology, Telecoms and Startup NewsBlaze is an advanced payments technology platform designed to cater to the diverse needs of banks and financial institutions......
Источник: ITNewsAfrica - 🏆 27. / 59 Прочитайте больше »

TymeBank Joins PayShap Revolution - IT News Africa | Business Technology, Telecoms and Startup NewsIn an industry milestone, TymeBank introduces PayShap with zero fees for customers, setting a new standard for instant payment..
Источник: ITNewsAfrica - 🏆 27. / 59 Прочитайте больше »

Top Financial Services in SA Answer the Question: Is Data the New Currency? - IT News Africa | Business Technology, Telecoms and Startup NewsData quality management has been a consistent challenge across various industries. Understanding and leveraging this data can bring about...
Источник: ITNewsAfrica - 🏆 27. / 59 Прочитайте больше »