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Bank Info Security 5 months, 3 weeks ago

Identity Fraud: The New Crimewave Targeting Remote Work

The Urgency of High-Assurance Identity Proofing Amid Growing Identity FraudRemote work has fueled a new crimewave built on stolen and synthetic identities. As deepfakes scale, high-assurance identity proofing - combining biometrics, liveness detection and verified IDs - becomes essential to verify users, prevent impersonation and protect enterprise access.

Bank Info Security 5 months, 3 weeks ago

Face-Swapping Tools Pose Elevated 'Know Your Customer' Risks

Easy-to-Use Deepfake Services for Criminals Rapidly Improving, Researchers WarnFinancial firms' fraud and risk teams must bolster know-your-customer checks in the face of increasingly effective and affordable deepfake technology and services that can generate synthetic identities, convincing face-swaps and defeat "live" biometric checks to bypass defenses, warn researchers.

Keyless's Biometric Tech to Improve Privacy, Account Recovery and User ExperiencePing Identity will acquire Keyless to expand passwordless authentication to frontline workers who lack access to smartphones. The deal gives Ping deepfake-resistant, privacy-first biometrics that don't store user templates on servers, easing identity verification and account recovery.

Bank Info Security 2 years, 1 month ago

AI vs AI: Fighting Deepfakes With Biometric Authentication

Experts Recommend Multimodal Biometrics as Mitigation Strategy for AI-Based AttacksWhile AI has spurred the growth of authentication controls, it has also enabled voice cloning and video deepfakes to become much more convincing. Fraud fighters are looking at adopting a multifactor authentication system using multimodal biometrics to fight against deepfakes.

Bank Info Security 2 years, 5 months ago

Banking Trojan Harvests Facial Biometrics for AI Deepfakes

GoldPickaxe Malware Can Record User’s Face - Use Video to Commit Deepfake ScamsA Chinese-speaking cybercrime group with the codename GoldFactory has built a new Android and iOS banking Trojan, GoldPickaxe, that can harvest and steal personal details, including biometric face profiles, that attackers use to create AI-driven deepfakes to fool bank defenses, researchers warn.

Bank Info Security 2 years, 5 months ago

Banking Trojan GoldPickaxe Harvests Facial Biometrics

Both iOS and Android Variants Can Record Face Videos, Used to Create AI DeepfakesA Chinese-speaking cybercrime group codenamed GoldFactory has built a new Android and iOS banking Trojan, GoldPickaxe, that can to harvest and steal personal details, including biometric face profiles, which attackers use to create AI-driven deepfakes to fool bank defenses, researchers warn.