Deloitte projects generative-AI fraud losses rising from $12.3 billion in 2023 to $40 billion by 2027.
Deepfake fraud is scaling faster than defenses | Mitek ↗
What happened
- The article states deepfake fraud in North America increased 1,740% between 2022 and 2023.
Why it matters to Signicat
- Mitek positions passive liveness plus layered defense against Signicat's document verification (ReadID/NFC) lines; expect comparison in NFC and injection-attack deals.
- Content is generic thought leadership with vendor performance claims; low direct competitive threat, no named competitor attack.
Evidence from the source (3 quotes)
- “In North America, deepfake fraud increased 1,740% between 2022 and 2023.” source ↗
- “Institutions continue to deploy point solutions like liveness check and document verification without layering in tools that can address a fundamental new vulnerability” source ↗
- “Mitek’s IDLive Face, a leading liveness detection technology, is one of only two passive systems” source ↗
Fraud deepfake injectionAuthentication passwordlessDocument IDV biometricsPositioning narrativeThought leadershipGlobal
2 of 2 facts verified against the source · confidence high · claude-haiku-5-5