Nearly half of businesses reported a growth in synthetic identity fraud, while biometric spoofs and counterfeit ID fraud attempts also increased, according to AuthenticID. Consumers and businesses alike are facing new challenges in today’s digital existence, from considering the ramifications of digital identity to grappling with the use and prevalence of new tools like generative AI. In the meantime, the explosion of AI has also pushed identity fraud into a new frontier that will become … More
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