Generative AI has fundamentally changed the economics of identity fraud. Deepfakes, synthetic identities and injection attacks have reduced the cost of sophisticated attacks while increasing their scale and realism, forcing organizations to rethink how they secure digital identity. Deepfake detection is rapidly evolving from a specialist fraud tool into a foundational layer of modern identity…
i2c Inc., a global financial technology innovator, today announced it has won the “Best AI-Powered Fraud Detection Solution by a Vendor” award at The Digital Banker Middle East & Africa Innovation …
MoS Pemmasani Chandra Sekhar along with TRAI Chairman Anil Kumar Lahoti, second right, Vodafone Idea Limited CEO Abhijit Kishore, fourth left, Head of Asia Pacific (APAC), GSMA, Julian Gorman, third left, and others during the inauguration of the second edition of the COAI Digicom Summit 2026 with the theme ‘India’s Techade: Accelerating and Shaping the…
Cyber criminals are increasingly deploying generative artificial intelligence to execute sophisticated fraud schemes, and Ghanaian businesses must urgently strengthen their payment verification processes or risk becoming the next victims, a leading fraud expert has warned. In a detailed advisory issued by Wells Fargo’s Fraud Education and Awareness Program, Anil G. Khilnani revealed that 79 per…
Codoxo has launched a new artificial intelligence (AI)-powered deepfake detection tool designed to help US health plans identify fraudulent medical documentation before claims are paid. The solution, called Deepfake Detection, analyses medical records, clinical notes, diagnostic images, and claim context to identify AI-generated or manipulated evidence submitted in support of claims. The company says the…
The overall transformational impact of the tech we have come to call AI is still up in the air. The tech’s value is predicated on future dominance; at present, its biggest name, OpenAI, is financed by debt. Moreover, when it comes to generative AI, there is significant pushback from those with a stake in creating…
Generative AI is now at the centre of fraud strategy in digital banking. What began as an efficiency tool has quickly become a frontline defence, as banks are forced to confront a new reality: fraud itself is increasingly powered by AI. Recent studies suggest that more than 50% of global fraud now involves some form…
The use of large language models in scams increased fivefold in 2025, according to TRM Labs, as fraudsters leveraged the technology to boost outreach, make scams more convincing, and launch them at scale. It comes as $35 billion in cryptocurrency was sent to scammer addresses globally last year, a slight decrease from $38 billion in…
Limassol, Cyprus, January 24, 2026 — Digital advertising continues to grow, but so do the risks that come with it. Industry estimates place global digital ad spend at over $650 billion in 2025, with performance-driven formats accounting for a large share of that growth. Alongside expansion, fraud has become one of the sector’s most persistent…
In 2025, 1 in 20 identity verifications were fooled by generative AI deepfakes. According to a survey by Medius.com, 43% of professionals surveyed said they had fallen victim to a deepfake fraud attack. The FBI recently published a press release stating that its internet fraud portal (IC3.gov) received over 9,000 complaints related explicitly to AI…
