<ul><li>Identity fraud across the APAC region is increasing, driven by sophisticated fraud tactics and the use of Fraud-as-a-Service (FaaS), according to Sumsub.</li><li>Sumsub's report shows a 121% YoY increase in identity fraud in 2024, with significant surges in Singapore, Indonesia, and Thailand.</li><li>Deepfake fraud saw a 194% YoY spike in APAC, with South Korea experiencing the highest increase.</li><li>Sumsub emphasizes the need for enhanced verification measures to combat evolving fraud challenges in the digital economy.</li></ul>

Deepfake Fraud Jumps by 194% in APAC, as Fraud-as-a-Service Becomes More Widespread, Sumsub Reveals

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