World Economic Forum: Deepfake face-swapping tools are creating critical security risks

The rapid advancement of deepfakes is becoming a major challenge for sustaining trust in digital identity systems, the World Economic Forum (WEF) has warned. 

Deepfake-generating technologies, and especially face-swapping tools, are enabling malicious actors to bypass know-your-customer (KYC) and remote verification processes, creating financial, operational and systemic risks for any institution that relies on digital trust. 

A new report by WEF’s Cybercrime Atlas, published on January 8, noted that this advancement coincided with other worrying trends, such as threat actors increasingly targeting financial services and cryptocurrency – particularly prone to KYC bypass attacks. 

Read more at Infosecurity Magazine