Topic
Fraud that uses AI-generated synthetic voice, video, or images to impersonate real people, bypass identity checks, or trick victims into transferring money.
Singapore's FOMO Pay is adding Sumsub's identity checks, covering documents from over 220 countries, to its own compliance stack. Both reports call it a supplement, so FOMO Pay is buying breadth while keeping its existing review processes.
Reality
Gartner surveyed 297 senior security leaders between March and May 2026 and found deepfaked video calls close behind at 36%. Its advice is to put a verification step in front of payment authorization, account recovery and privileged access.
Reality
American Banker's risk survey has 81 per cent of respondents placing AI model risk somewhere between moderate and critical, which tells a bank the downside belongs in its ROI case without telling it what number to write.
Reality
The fake Zoom call had mismatched lips and audio that did not line up. It did not matter: the victim had already signed a confidentiality agreement that ruled out asking anyone.
Reality
The AI Act's tagging duty is live. The rules that would make biometric verification vendors prove they resist manipulation are not, and fraud does not label itself.
Reality