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The Fintech Times

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Digital Document Forgeries Overtake Physical Forgeries For the First Time As Deepfakes on the Rise

  • Digital document forgeries have surpassed physical forgeries for the first time, with deepfake attacks increasing every five minutes.
  • AI-assisted fraud is growing more frequent and sophisticated, with digital attacks accounting for 57% of all document fraud.
  • National ID cards are the most targeted documents, and fraudsters are using generative AI for sophisticated forgery and injection attacks.
  • The gaming industry was previously a top target, but fraudsters have now shifted their focus to cryptocurrency, lending, and traditional banks.

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