AI-powered identity fraud surges as deepfakes, fake documents target e-commerce, fintech

A new report by verification firm Sumsub has revealed an alarming surge in synthetic identity fraud and deepfake attacks, with criminals increasingly deploying generative AI to create hyper-realistic passports, IDs, and biometric data that threaten to destabilise sectors like e-commerce, healthtech, and fintech, both globally and in emerging markets like Nigeria.

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