While humanity is trying to figure out how to recoup the hundreds of billions of dollars invested in generative AI, cybercriminals are already adopting the technology. For example, they’ve discovered that AI can be used to create virtual money mules — dummy accounts used to transfer stolen funds. Deepfakes allow criminals to successfully bypass customer identity verification … [Read more...] about How deepfakes threaten KYC (Know Your Customer)
KYC
MobiKwik Suffers Major Breach — KYC Data of 3.5 Million Users Exposed
Popular Indian mobile payments service MobiKwik on Monday came under fire after 8.2 terabytes (TB) of data belonging to millions of its users began circulating on the dark web in the aftermath of a major data breach that came to light earlier this month. The leaked data includes sensitive personal information such as:customer names,hashed passwords,email addresses,residential … [Read more...] about MobiKwik Suffers Major Breach — KYC Data of 3.5 Million Users Exposed