AI-Driven Identity Fraud and Its Impact on Global Businesses

A startling report reveals that 50% of North American businesses have reported an increase in AI-generated fraud, specifically deepfakes and biometric spoofing. The report highlights a significant rise in fraudulent activities, including employee impersonation, and calls for businesses to adopt proactive measures. Internationally, banks in Brazil and the Philippines are taking important steps to enhance…

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Growing Adoption of Facial Recognition Technology in Stadiums

VNSW has initiated a tender for facial recognition technology at major stadiums, aiming for deployment by Q2 2024/2025. Veridas showcases its biometric access control with plans for expansion post-successful trials. The Chick-fil-A Bowl uses ID.me to secure ticket purchasing, while IDmission innovates with self-service draft beer systems. This pattern indicates a growing trend towards biometric…

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