Fighting Fraud with Biometrics

Fraudsters run a business. They’re nimble, agile and creative, and their fraud toolkit never ceases to expand. From stolen credentials to synthetic identities, location and IP spoofing, VPNs built of thousands of infected devices, deepfakes and GenAI-powered tools, they have hundreds of ways to circumvent traditional fraud prevention strategies. Fraud-as-a-service platforms, coaching and mentoring services and comprehensive guides make it easier than ever for everyone to start attacking various organizations. And many of these methods don’t require technological knowledge to access, are now more accessible than ever, shared on forums or messaging apps, facilitating fraud for non-professionals and making it ever-so-difficult for fraud strategists to prevent many new attack types. With these rapid shifts in technology, it is essential that fraud professionals understand the most recent technology available to them.

In this session, we’ll explore the new tools available to fraudsters, but also address the real risk GenAI and deepfake poses to our organizations before examining how biometrics technology is used today, and can be used to prevent fraud, investigate it, and facilitate collaboration with law enforcement