Sumsub stories
Deepfakes fuel mistrust on UK dating apps as users turn to AI companions, with scammers and identity fraud exploiting synthetic profiles.
Fraud cases in the UK surged by 12.5% in 2024, with identity fraud now comprising 59% of reports, highlighting a worrying trend in cybercrime tactics.
A survey by Sumsub reveals that deepfakes pose a significant threat on UK dating apps, with 75% of users suspecting AI manipulation.
AI-driven fraud threatens to undermine Black Friday and Cyber Monday shopping, with UK scams costing victims over GBP £11.5 million last year.
Policy debates over open banking and digital identity will be shaped by two seasoned fintech executives taking top roles at FDATA.
Fraud teams facing faster AI-driven attacks can now update defences within hours as Sumsub’s detector learns new deepfake tactics automatically.
FDATA names Sumsub policy lead Kat Cloud to its board, signalling a sharper focus on identity, fraud and security in North American open finance.
Sumsub launches AI Agent Verification to link automated activity to verified humans, tackling rising AI-driven fraud without blocking bots.
Sumsub and Data Zoo have partnered to deliver enhanced global fraud prevention and compliance solutions for financial institutions across 170+ jurisdictions.
Sumsub launches 'The Beast 2.0' to fight a 121% surge in digital identity fraud across APAC, promoting secure digital access and inclusion in fintech and crypto sectors.
Sumsub enhances fraud defence by integrating Fingerprint's device intelligence, offering real-time threat detection without complicating genuine user access.
A survey by Sumsub reveals that nearly half of British dating app users see deepfakes as heightening risks, particularly affecting women's safety.
Identity fraud in Europe has surged by 150% year-on-year, with deepfake use escalating sharply and businesses reporting widespread challenges.
Surge in global deepfake incidents sees UK among the most-targeted nations as Sumsub reports a 245% annual rise, with elections exacerbating the issue.
Sumsub rolls out 'For Fake's Sake', a groundbreaking platform designed to detect deepfakes and synthetic fraud.
dtcpay will integrate Sumsub's eKYC solution into its wallet platform to streamline onboarding processes, helping businesses transact efficiently and securely.
