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Episode 439 - Deepfake fraud threats to financial institutions

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Manage episode 462024553 series 1854687
Content provided by MySecurity Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by MySecurity Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Group-IB has released a fascinating case investigation on deep fake fraud.

Group-IB’s Fraud Protection team published a report on how threat actors use deepfake technology to bypass biometric security in financial institutions, including facial recognition and liveness detection. It also details how they recently assisted a major Indonesian financial institution in identifying over 1,100 deepfake fraud attempts.

Criminals used AI-generated deepfake photos to bypass the institutions digital KYC process. Fraudsters are increasingly using deepfake technology to bypass biometric security systems in financial institutions. These criminals are using AI-altered deepfake images, emulators, app cloning, and even virtual cameras to breach multiple layers of security.

We speak with Yuan Huang, Group-IB’s Cyber Fraud Analyst for APAC and discuss the significant social and financial impact of deepfake fraud, with recent losses in Indonesia alone estimated at $138.5 million USD.

The advanced deepfake techniques include app cloning, AI-powered face-swapping and virtual camera applications and we discuss the growing challenges financial institutions face in detecting AI-driven deepfakes and proactive measures financial institutions must take to mitigate risks caused by evolving deepfake technology.

For more information visit https://www.group-ib.com/blog/deepfake-fraud/

For more on the Women in Security ASEAN Region Awards visit https://womeninsecurityaseanregion.com/

#deepfakes #mysecuritytv #groupib #topwomeninsecurityASEAN

  continue reading

167 episoade

Artwork
iconDistribuie
 
Manage episode 462024553 series 1854687
Content provided by MySecurity Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by MySecurity Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Group-IB has released a fascinating case investigation on deep fake fraud.

Group-IB’s Fraud Protection team published a report on how threat actors use deepfake technology to bypass biometric security in financial institutions, including facial recognition and liveness detection. It also details how they recently assisted a major Indonesian financial institution in identifying over 1,100 deepfake fraud attempts.

Criminals used AI-generated deepfake photos to bypass the institutions digital KYC process. Fraudsters are increasingly using deepfake technology to bypass biometric security systems in financial institutions. These criminals are using AI-altered deepfake images, emulators, app cloning, and even virtual cameras to breach multiple layers of security.

We speak with Yuan Huang, Group-IB’s Cyber Fraud Analyst for APAC and discuss the significant social and financial impact of deepfake fraud, with recent losses in Indonesia alone estimated at $138.5 million USD.

The advanced deepfake techniques include app cloning, AI-powered face-swapping and virtual camera applications and we discuss the growing challenges financial institutions face in detecting AI-driven deepfakes and proactive measures financial institutions must take to mitigate risks caused by evolving deepfake technology.

For more information visit https://www.group-ib.com/blog/deepfake-fraud/

For more on the Women in Security ASEAN Region Awards visit https://womeninsecurityaseanregion.com/

#deepfakes #mysecuritytv #groupib #topwomeninsecurityASEAN

  continue reading

167 episoade

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