5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Enterprises must boost identity verification to combat deepfakes

by
April 2, 2025
in Stock
0
Enterprises must boost identity verification to combat deepfakes
VECSTOCK-FREEPIK

PHILIPPINE BUSINESSES must ramp up their investments in identity verification technology as fraud schemes involving deepfakes become more prevalent, according to biometric solutions company iProov.

“The criminals aren’t going to take a lot of notice of what regulation is put in place in the Philippines or in the United States or anywhere else in the world because they’re going to break the law anyway,” Dominic Forrest, chief technology officer at iProov, said in an interview last month.

“Putting in place the technology, the people, and the processes to protect against this is going to be critical for us going forward, because the cost of not doing so is just going to be immense,” Mr. Forrest said.

The Department of Information and Communications Technology (DICT) recently said it is pushing for more stringent social media regulations amid the rise of deepfakes.

The Cybercrime Investigation and Coordinating Center, an attached agency to the DICT, said it receives up to 300 deepfake incidents daily, Executive Director Alexander K. Ramos said.

According to Mr. Forrest, criminal organizations readily share their fraudulent tactics, increasing the likelihood of deepfake related scams.

“One of the things we have identified is that the criminal organizations share ways to create deepfakes for bad purposes, whether it’s to attack banks, whether it’s just to mislead on social media, whatever it is — the information about how to do that is shared globally,” he said.

iProov’s latest Threat Intelligence Report showed the growing number of attacks against identity verification measures.

Face swap attacks, which involve superimposing another person’s face to an existing video or livestream, surged by a 300% year on year in 2024, iProov said in the report.

Digital injection attacks, or the impersonation a bona fide user to gain unauthorized access to their accounts or systems, jumped by 783% last year, it added. Native virtual camera attacks, or those involving putting pre-recorded or fake videos into verification streams, also skyrocketed by 2,665% year on year.

For 2025, trends that organizations must watch out for include the continued rise of native virtual camera injections, face swaps, online attack-as-a-service communities, iProov said.

Image-to-video conversion tools can also be used to trick vulnerable liveness detection systems, it added.

“This technique transforms static images into convincing video content that could pose very significant challenges for most remote identity verification systems.” — Beatriz Marie D. Cruz

Previous Post

Megawide targets to finish Carbon Market’s Block-2 by 2026

Next Post

Term deposit yields inch higher as market awaits US’ reciprocal tariffs

Next Post
Term deposit yields inch higher as market awaits US’ reciprocal tariffs

Term deposit yields inch higher as market awaits US’ reciprocal tariffs

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    One in six UK workers struggling to pay bills as second jobs hit record high

    One in six UK workers struggling to pay bills as second jobs hit record high

    July 12, 2025
    JuanHand earns Green Flag recognition from Filipino Fair Loans Advocacy Group (FILFLAG)

    JuanHand earns Green Flag recognition from Filipino Fair Loans Advocacy Group (FILFLAG)

    July 11, 2025
    United under one roof: How Puregold brought generations of OPM together in the Philippine Arena

    United under one roof: How Puregold brought generations of OPM together in the Philippine Arena

    July 11, 2025
    UK government considers rescue deal for Speciality Steel amid fears of collapse

    UK government considers rescue deal for Speciality Steel amid fears of collapse

    July 11, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.