The Rise of Deepfake Fraud: A Whopping 3000% Increase in 2023

The Rise of Deepfake Fraud: A Whopping 3000% Increase in 2023

According to a new report by ID verification unicorn Onfido, deepfake fraud attempts have skyrocketed by a staggering 3,000% in 2023. This significant increase can be attributed to the widespread availability of cheap and user-friendly online tools and generative AI.

The Growing Threat of Deepfake Fraud

Deepfake fraud refers to the use of manipulated videos or images, often created using advanced artificial intelligence technology, to deceive and defraud individuals or organizations. Face-swapping apps are the most common example of how deepfakes are created, with basic versions crudely pasting one face onto another to create what is known as a “cheapfake.”

Cheap and Simple Tools

The simplicity and affordability of the software used to create deepfakes have made it increasingly accessible to fraudsters. These tools allow them to easily run the software and generate an array of forgeries that can be used in multiple attacks simultaneously.

Penetrating Facial Verification Systems

One of the main objectives of deepfake fraudsters is to penetrate facial verification systems. By using deepfakes, fraudsters can bypass these security measures and gain unauthorized access to sensitive information or conduct fraudulent transactions.

A Single Success is All They Need

While some deepfakes may be crude and easily detectable, all it takes is one successful attempt to cause significant harm. This highlights the importance of organizations remaining vigilant and implementing robust security measures to safeguard against deepfake fraud.

Take Action Now

In light of the surge in deepfake fraud attempts, individuals and businesses are urged to be proactive in protecting themselves. It is essential to stay informed about the latest techniques used by fraudsters and invest in reliable ID verification systems that can effectively detect deepfakes.

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