A recent study by Jumio indicates a decline in consumer trust in the digital world, driven by AI-powered fraud and deepfakes.
Globally, 69% of respondents believe AI-enabled fraud poses a greater threat to personal safety than traditional identity theft.
In Singapore, 74% of respondents consider AI scams a bigger risk, and 71% find them harder to detect than conventional methods.
There is a growing unease about the authenticity of online content and personal security, with consumers looking towards Big Tech for prevention and willing to spend more time on identity verification.