Deepfakes Expose Cracks in Virtual ID Verification
The emergence of free, powerful, and easy-to-use deepfake applications has given rise to a new, viable attack vector. Cybercriminals have already begun to leverage these applications to bypass image and video-based verification, which, until recently, had proven to be one of the most secure methods of identity verification.
While currently only a few actors offer deepfake services and often charge highly for it, high image and video-based verification adoption rates among banking institutions will likely correlate to increased criminal demand for deepfakes services. Increased criminal demand combined with high recreational usage and technological advancements driven by the entertainment industry’s adult content could then result in more deepfake service providers and an eventual decline in the cost of these services.