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AI: A Double-Edged Sword in Identity Verification | Adrian Kreter

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AI: A Double-Edged Sword in Identity VerificationIdentity theft has become unavoidably more widespread as the internet has grown larger and more intelligent. The recent wave of artificial intelligence has brought new access to perpetrators of identity theft, mainly increasing access to deepfakes. With AI, creating realistic photos, videos, and audio manipulations to deceive identity verification and prevention systems is now more accessible and cheaper. Successful perpetrators commit identity theft when they steal personal information such as personal details, financial details, and email or social media accounts. The stolen identity is then used for illicit purposes to make purchases, open financial accounts, and withdraw money. The advancements in AI technology aren’t just enabling perpetrators to commit fraud. At the same time, anti-fraud solution providers like Arritech are leveraging the technology to mitigate fraud. Thanks to collective knowledge and expertise, our organisation c...

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