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, 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.
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