Deepfake fraud attempts have increased by a whopping 31 times in 2023 a 3,000% increase year-on-year.
Thats according to anew reportby Onfido, an ID verification unicorn based in London.
The company attributes the surge to the growing availability of cheap and simple online tools and generativeAI.
Face-swapping apps are the most common example.
The most basic versions crudely paste one face on top of another to create a cheapfake.
The simple software, meanwhile, is easy to run and cheap or even free.
An array of forgeries can then be simultaneously used in multiple attacks.
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The report found that biometrics received three times fewer fraudulent attempts than documents.
To stop them, Onfido recommends liveness biometric verification tech.
This approach currently accounts for over 80% of attacks.
In the future, however, tech will offer far more sophisticated options.
The developments were likely to see with deepfakes andquantumcomputing will make fakes indistinguishable to the human eye, Guillevicsaid.
In response, Guillevic expects businesses to apply more automated solutions.
Undoubtedly, the fraudsters will develop counterattacks.
Both sides will have to upgrade their weapons on the AI versus AI battleground.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
