Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! Deepfakes aren't new, but this AI-powered technology has emerged as a pervasive threat in spreading misinformation and increasing identity fraud. The pandemic made matters worse by creating the ideal conditions for bad actors to take advantage of organizations' and consumers' blindspots, further exacerbating fraud and identity theft. Fraud stemming from deepfakes spiked during the pandemic, and poses significant challenges for financial institutions and fintechs that need to accurately authenticate and verify identities.

Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! A couple posts a holiday selfie to keep friends updated on their travels. Unwittingly, each one is adding fuel to an emerging fraud vector that could become enormously challenging for businesses and consumers alike: Deepfakes. Deepfakes get their name from the underlying technology: Deep learning, a subset of artificial intelligence (AI) that imitates the way humans acquire knowledge.