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12/20/2019
Top 10 Cybercrime and Online Fraud predictions for 2020
Finextra
As a decade of online fraud fighting is drawing to a close, it’s time to think about the next decade! Fraudsters were very busy this decade, coming up with an ever expanding bag of tricks, and we should expect them to give all of us good reasons to continue the fight. So – here are my top ten cybercrime and online fraud predictions for 2020:
- Deep fake technology will be used for identity theft: Deep fake technology that spoofs the human voice is already being used to attack call centers, or in business email compromise scams. In 2020, we should see the early signs of deep fake being used to defeat face recognition controls, including those using state of the art liveliness tests. The industry will have to come up with silent, behind-the-scenes controls that can offset the vulnerabilities of overt biometric authentication.
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