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Home Technology

Mitigating AI-powered fraud in APAC

Melinda Baylon by Melinda Baylon
March 19, 2024
Mitigating AI-powered fraud in APAC

Mitigating AI-powered fraud in APAC

A study by Sumsub revealed that the Asia Pacific (APAC) region experienced a 1530% surge in deepfake cases from 2022 to 2023, marking it the second-highest region in the world with the most deepfake cases.

Meanwhile, Hong Kong was in the top 5 most vulnerable regions globally to identity fraud. With the increasing use of artificial intelligence, deepfake fraudsters exploit the technology to attack vulnerabilities in identity verification.

Andrew Novoselsky

Andrew Novoselsky, chief product officer at Sumsub, explains some types of Artificial Intelligence (AI)-powered fraud happening recently in APAC, the top factors contributing to its surge, its risks and dangers to organisations, and practical security measures organisations can implement to mitigate risks.

For the full article, click here

Related:  SAS Viya comes to Azure promising innovation and analytics for all
Tags: AI-powered fraudArtificial IntelligenceCustomer experiencecybersecuritySumsub
Melinda Baylon

Melinda Baylon

Melinda Baylon joins Cxociety as editor for FutureCIO and FutureIoT. As editor, she will be the main editorial contact for communications professionals looking to engage with aforementioned media titles. 

Melinda has adecade-long career in the media industry and served as TV reporter for ABS-CBN and IBC 13. She also worked as a researcher for GMA-7 and a news reader for Far East Broadcasting Company Philippines. 

Prior to working for Cxociety, she worked for a local government unit as a public information officer. She now ventures into the world of finance and technology writing while pursuing her passions in poetry, public speaking and content creation. 

Based in the Philippines, she can be reached at [email protected]

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