Tag: deepfakes

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UN Chief: Unregulated AI Threatens Democratic Systems

September 17, 2024

UN Secretary-General António Guterres warned that unregulated artificial intelligence (AI) poses a risk to democratic systems, exacerbating disinformation and gender inequality. He urged countries to establish AI governance guidelines and promote responsible use. Guterres noted AI’s potential benefits, including enhanced public participation and equality, but emphasized the need for international cooperation to mitigate risks. UN…
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2024 Crypto Losses Attributable to Deepfakes Projected to Exceed $25 Billion

June 28, 2024

Losses attributed to crypto crimes involving the use of deepfakes are projected to surpass $25 billion in 2024. According to the latest Bitget research study, these losses are expected to continue rising if no regulatory intervention is introduced to curb this type of fraud. Educating users and implementing comprehensive legal and cybersecurity frameworks globally are…
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AI-Driven Fraud on the Rise, Financial Institutions Unprepared, Reveals Report

May 30, 2024

A new report by Signicat, the European digital identity and fraud prevention solutions provider, reveals that artificial intelligence (AI) is used in over a third of fraud attempts targeting financial institutions, with one in fifteen fraud attempts now using deepfakes. The study, titled “The Battle against AI-driven Identity Fraud,” found that 42.5% of detected fraud…
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Ethereum Co-Founder Vitalik Buterin on Tackling Deepfake AI Risks: ‘Ask Security Questions’

February 13, 2024

Vitalik Buterin, a co-founder of the cryptocurrency project Ethereum, has raised an alert on using deepfakes, videos created using artificial intelligence (AI) to try to impersonate human beings, to persuade others about making financial transactions. For Buterin, the issue is not only cryptographical and can be tackled using security questions with friends and colleagues. Ethereum…
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Crypto scams are down 77% — but this exploit is making a huge comeback

July 12, 2023

Attackers of this kind are supposedly “big game hunting” large-scale organizations with deep pockets to extract ”the most money possible” out of these firms. Cryptocurrency scams have fallen a massive 77% from $3.3 billion to $1.1 billion over the first six months of 2023, according to a recent report by blockchain intelligence firm Chainalysis. The…
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Number of Youtube Crypto Stream Scams and Fake Domains Explodes in H1 2022

September 19, 2022

A report issued by Group-IB, a Singaporean cybersecurity company, has found that the number of cryptocurrency scams that use fake domains has exploded during the first half of 2022. The number of these domains has grown fivefold, and most of these campaigns, though registered with Russian registrars, are designed to reach English and Spanish-speaking crypto…
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Blockchain Might Be a Silver Bullet for Fighting Deepfakes

December 17, 2019

From confirming crypto transactions to confirming base-level reality, blockchain might be the sleeping giant of authentication. In an era of scams and fake news, so-called “deepfakes” are the latest assault on our relationship with reality. If you’re unfamiliar, deepfakes are videos generated with help from artificial intelligence that show a recognizable figure (like Barack Obama…
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