Deepfake Fraud on the Rise as Generative AI Tools Ease Criminal Access

The rise of generative artificial intelligence (AI) tools has lead to an increase in deepfake fraud, with the use of AI-generated deepfakes to commit crimes on the rise.

Deepfakes use biometric data to produce counterfeit images and audio that appear realistic to an unwitting viewer or listener.

The spread and growing sophistication of generative AI has made it easier for criminals to create deepfakes to use in carrying out fraud.

The evolution of generative AI platforms has also made it harder for verification platforms to search for stolen identities.

Fintech, cryptocurrency, and gambling platforms are especially at risk of deepfake fraud, but all businesses operating digitally and performing remote verification are vulnerable.

The article discusses the potential for deepfake images to be created using low-quality images and then enhanced with superresolution techniques to make them appear realistic.

The author notes that verification platforms should employ multiple checks, including image quality and user behavior, to prevent fraud.