Is AI anti-fraud’s largest adversary, or most significant ally in the years to come? For identity verification, business risk mitigation, and customer protection, the answer is both.
Businesses experience a range of fraudulent identities coming through their doors. Some criminals attempt to bypass security systems with obviously fake documentation,, caught right away by the human eye. Others are equipped with high quality fake IDs and increasingly clever tactics, which can only be detected with specialized authentication hardware and software. Cheaper production methods, foreign imports, and darkweb knowledge-sharing between fraudsters have accelerated the availability of high-quality fake identity documents and therefore the ease at which criminals can execute complex identity scams.
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