New decade, new identity verification and authentication methods Sponsored by jumio
Cybercriminals are looking for every opportunity possible to acquire your user data.
A deepfake superimposes existing video footage or photographs of a face onto a source head and body using advanced neural network powered AI – and is relatively easy to create. In 2020, we will see an increase in deepfake technology being weaponized for online fraud as biometric-based authentication solutions become more widely adopted.
Last year California implemented the BOT Disclosure Law, making it illegal “for any person to use a bot to communicate or interact with another person in California online with the intent to mislead the other person with its artificial identity.” In June 2019, Rep. Yvette Clark introduced the DEEPFAKES Accountability Act. If passed, it would require the creators of false videos to label them as such or face up to five years in prison.
While regulations are continuing to move in the right direction, they are still behind the pace of innovation and aren’t properly capturing how these emerging technologies can be used for online fraud.It has been widely reported that Social Security numbers are sold on the dark web for $1, but full medical records can command up to $1,000 because they're an identity thief's dream: date of birth, place of birth, credit card details, Social Security number, address and emails.
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