AI is escalating the challenge of deepfake frauds in digital identity verification, potentially reshaping cybersecurity.
The field of artificial intelligence (AI) has witnessed remarkable growth in recent years, with projections indicating that, by 2030, the industry could add as much as $15.7 trillion to the global economy — a figure that far surpasses the current economic outputs of major players, including China and India combined.
A particular development in this regard emanating from this space and garnering a lot of traction recently is that of “deepfakes” — i.e., highly realistic video and/or audio recordings created with AI that can mimic real human appearances or voices, often indistinguishable from their genuine counterparts.
To this point, a recent viral post on X demonstrated how some are exploiting readily available open-source and commercial software to alter a person’s selfie with generative AI tools, creating counterfeit ID images that can potentially deceive many of today’s security checks.
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Source: https://cointelegraph.com/news/ai-fake-ids-crypto-exchange-kyc