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AI Bypasses Biometric Security In $138.5 Million Financial Fraud Risk

By Forbes   |   1 year ago
AI Bypasses Biometric Security In $138.5 Million Financial Fraud Risk

A prominent Indonesian financial institution faced a deepfake fraud incident despite having robust security measures. Group-IB investigated over 1,100 deepfake fraud attempts, highlighting the risks and financial implications of AI deepfake technology in bypassing biometric verification systems.

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