58% of organizations have experienced document-based identity fraud

The report highlights a staggering increase in video deepfake fraud, jumping from 29% in 2022 to 49% this year, exemplifying the emerging challenges businesses face.

With audio deepfakes also rising by 12% since the previous survey, sectors such as Financial Services and Aviation report higher incidences, emphasizing the multifaceted threat posed by deepfakes.

UAE and Singapore emerge as hotbeds for deepfake fraud, with 56% of businesses in each country reporting encounters, significantly higher than the global average.

Identity-related fraud continues to grow, with 58% of businesses experiencing fake or modified document scams, which remain prevalent alongside increasing AI-generated fraud.

Read at Securitymagazine