Businesses in the U.S. experienced a 1,740% increase in deepfake attacks and identity takeovers during 2023 and this is expected to increase tenfold in 2024.
The staggering pace of AI adoption by fraudsters is exposing credit unions and other financial institutions to huge risk and associated liabilities as existing KYC controls are rendered ineffective in the face of this new threat. Thankfully AI also holds the key to defending against these attacks.
During this webinar, James O'Toole, Chief Business Officer with ID-Pal will walk us through the techniques used by fraudsters to spoof the member onboarding process, and how AI can prevent them using real-world examples for context.
Finally, we'll end the conversation with an interactive Q&A session.