Sumsub
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Read more: Sumsub Launches Free Academy to Tackle Surge in Deepfake and Identity FraudSumsub has launched an online academy offering free, expert-led training for compliance, risk, and anti-fraud professionals. The newly unveiled Sumsub Academy is positioned as the first of its kind in the verification and fraud prevention industry to provide external expert-led educational modules. The initiative comes at a time when fraud…
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Read more: Sumsub Launches DVS Verification to Strengthen Identity Security in Australia
Sumsub, a global full-cycle verification platform, has introduced its Australia DVS (Document Verification Service) Verification product, enhancing identity validation for businesses operating in the country. The solution leverages real-time, government-backed verification of key identity documents – including passports, driving licences, and visas – helping organisations comply with Anti-Money Laundering (AML)…
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Read more: You Are at Risk of Deepfake Attacks: What Can You Do About It Then?
The growing maturity of artificial intelligence (AI) has benefited businesses and people over the last two years since OpenAI opened their large language models vault. While the cheers of AI’s greatness continue to proliferate across the world, the dark side is also bringing jeers from AI antagonists, pessimists, and especially…
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Read more: Identity Fraud in APAC Surges 121% Amid Deepfake Explosion and Rise of Fraud-as-a-Service
The Asia Pacific region (APAC) is grappling with a dramatic rise in identity fraud, driven by deepfake technology and the accessibility of Fraud-as-a-Service (FaaS), according to Sumsub’s fourth annual Identity Fraud Report, released today. Identity fraud surged 121% year-on-year (YoY) in 2024, with Singapore, Thailand, and Indonesia experiencing spikes of 207%, 206%, and 201%, respectively. Deepfake…
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Read more: Singapore Tops Global Fraud Index, Showcasing APAC’s Strength in Digital Security
Singapore has been named the most fraud-resistant country in the Asia Pacific (APAC) region, securing the top spot in Sumsub’s newly released Global Fraud Index with a score of 1.09. The Index, a pioneering study covering 103 countries, reveals that APAC ranks as the third most protected region globally, underlining…
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