Fraudsters using AI to create synthetic identities

What this episode covers

Generative AI has beneficial uses for financial institutions, but fraudsters have taken note, employing the technology to create thousands of fake identities. The emergence of generative AI has made rooting out fake users even more challenging for financial institutions (FIs), with cybercriminals harnessing it to deepfake a person’s appearance or replicate their speaking voice, Ajay Amlani, senior vice president and head of the Americas at biometric security company iProov, tells Bank Automation News in this episode of “The Buzz” podcast.

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Frequently Asked Questions

How long is this episode of The Buzz?

This episode is 14 minutes long.

When was this The Buzz episode published?

This episode was published on May 8, 2023.

What is this episode about?

Generative AI has beneficial uses for financial institutions, but fraudsters have taken note, employing the technology to create thousands of fake identities. The emergence of generative AI has made rooting out fake users even more challenging for...

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