Deepfakes and the AI arms race in bank cybersecurity - Caribbean News Global

The new technologies have developed new cybersecurity risks for critical entities such as banks. However, the same digital transformation has also allowed solutions to be developed that are at the forefront and that seek to be a step ahead of cybercriminals. That is why Palo Alto Networks, a global cybersecurity company, developed a list of emerging risks and threats to banks and financial institutions, as well as the opportunities offered by ne…

Deepfakes and the AI arms race in bank cybersecurity - Caribbean News Global

In the past, a skilled forger could pass a bad check by replicating a person’s signature. Now, advances in AI can do much more damage by replicating a person’s entire identity. This technology—known as deepfakes—has the potential to supercharge identity fraud. I’ve recently spoken about the importance of recognizing both the benefits and the risks of generative AI (Gen AI). Today, I’d like to focus more on the darker side of the technology—speci…