Banking and Finance: UK Banks Facing AI Fraud and Deepfake Challenges

09 May 2024 11:25 AM | Anonymous member (Administrator)

AI fraud and deepfakes are identified as top challenges for UK banks, according to a new report.

As the digital landscape continues to evolve, AI-generated fraud and deepfakes are emerging as primary concerns, according to Mitek Systems’ latest report, the Identity Intelligence Index 2024.

The study surveyed 1500 financial services risk and innovation professionals across the UK, the US, and Spain. Among the key findings, 76% of banks reported an escalation in the sophistication of fraud cases, reflecting the evolving nature of financial crime.

         twitter   linkedin

Midlands Fraud Forum Ltd. Reg.No: 06436330
Copyright © 2023
Disclaimer & Privacy Policy

Powered by Wild Apricot Membership Software