How can financial institutions safeguard against deepfakes: The new frontier of online crime?

Biometric face verification has quickly become recognized as a secure and user-friendly method to verify identity at onboarding and re-authenticate returning customers. Yet as more institutions raise the bar in security technologies, criminals advance in their attempts to circumvent these systems.

The digital injection of synthetic imagery – otherwise known as deepfakes – is now the top threat to facial biometric systems. It is imperative to note that not all liveness providers are able to detect these attacks, nor are …

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