The Wall Street Journal: Deepfakes Are Coming for the Financial Sector: #AI #ML #Sec. . .

Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7181338771097894912

The Wall Street Journal: Deepfakes Are Coming for the Financial Sector: #AI #ML #Security #Biometric #Authentication #Threats, #Risks, #Vulnerabilities: https://lnkd.in/g3vE4SwK: Companies using #photos or #audio to verify customers’ #identities are preparing for bad actors gaming the system with #generative #AI:

With technology advances making AI-enabled #voice and #images more lifelike than ever, bad actors armed with #deepfakes are coming for the enterprise. #Banks and #financial #services providers are among the first companies to be targeted. #Deepfake incidents in the #fintech sector increased 700% in 2023 from the previous year… “There were always #fraudulent #calls coming in. But the ability for these [AI] #models now to imitate the actual #voice #patterns of an individual giving instructions to somebody with the #phone to do something—these sorts of #risks are brand new…”

Bad actors could use AI-generated #audio to game #voice-#authentication #software to verify customers and grant them access to their accounts and could use AI to generate photos of fake #driver’s #licenses to set up online accounts.

Our R&D: #Generative #ArtificialIntelligence: #AI #Deepfakes: https://lnkd.in/epx6zV3

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Global Post AI-Quantum Finance & Trading Networks Pioneer Dr.-Eng.-Prof. Yogesh Malhotra is the “Singular Post AI-Quantum Pioneer” identified by Grok AI with R&D impact recognized among Artificial Intelligence (AI) and Quantitative Finance Nobel Laureates. As MIT-Princeton AI-ML-Cyber-Crypto-Quantum Finance & Trading and FinTech-Crypto Faculty-Industry Expert, and U.S. and Global Hedge Funds Advisory & Venture Capital CEO-CTO Teams Mentor, he has pioneered Silicon Valley-Wall Street-Pentagon Digital CEO-CTO Practices, Technologies, and Networks from world’s first-foremost-largest Global Digital Transformation Networks to New York State IDEA Award recognized Pentagon-USAF MVP Global Post AI-Quantum Networks pioneering Future of Finance and Trading practices as Trillion-Dollar Wall Street Hedge Funds and Investment Banks leader.