• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Log In
  • Member Registeration
  • Account
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Pindrop Report Highlights Rising Threat of Deepfakes and Voice Fraud

November 14, 2019

Biometrics News - Pindrop Report Highlights Rising Threat of Deepfakes and Voice Fraud

Pindrop is warning about the growing threat of voice fraud in its latest Voice Intelligence Report, which found that voice fraud attacks occurred at a rate of 90 per minute in 2018. The rate of voice fraud climbed more than 350 percent between 2014 and 2018, and had the biggest impact on insurance companies, retailers, and financial institutions.

According to Pindrop, the risk facing those businesses – and insurance companies in particular – will still be high even if the number of fraud attempts goes down, largely because fraudsters are using more advanced techniques to go after bigger and more lucrative financial targets.

“Cybersecurity crimes are increasing every day as fraudsters and the technologies they use become more sophisticated,” said Pindrop Co-Founder and CEO Vijay Balasubramanian. “As we examine the biggest threats, we urge enterprises to assess their fraud and authentication strategies to ensure they are prepared to safeguard their customers’ assets.”

Pindrop went on to explain that the rapidly expanding conversational economy will give fraudsters more channels and more opportunities to attack. The conversational economy describes the growing range of devices with voice capabilities, and includes the voice assistants used in smartphones, cars, and speakers, as well as the voice authentication technology that is becoming more popular in call centers.

Deepfakes are expected to be especially problematic in that regard. Pindrop indicated that deepfake fraud will become more common as the Generative Adversarial Networks used to make them gain the ability to mimic convincing human voices and vocal tics in real time.

Major corporations like Verizon and the UK’s Shop Direct have already deployed Pindrop’s voice authentication tech to safeguard their call center operations. Pindrop has since secured $90 million in funding and announced that it plans to expand its offerings to cover smart cars and other IoT devices.

–

November 14, 2019 – by Eric Weiss

Related News

  • AI Update: Geopolitics and GPUsAI Update: Geopolitics and GPUs
  • ID Talk Podcast: Jumio’s Dean Nicolls on AI, Biometrics and Fighting FraudID Talk Podcast: Jumio’s Dean Nicolls on AI, Biometrics and Fighting Fraud
  • ENACOMM Enters Distribution Partnership with Alcor ConsultingENACOMM Enters Distribution Partnership with Alcor Consulting
  • Learn How Biometrics Are Fighting AI-Enhanced Fraud with Onfido’s Therese StowellLearn How Biometrics Are Fighting AI-Enhanced Fraud with Onfido’s Therese Stowell
  • Daon-Neustar Partnership Combines Voice Authentication With Phone Number VerificationDaon-Neustar Partnership Combines Voice Authentication With Phone Number Verification
  • Pindrop Brings Voice Biometrics Tech to Five9 CX MarketplacePindrop Brings Voice Biometrics Tech to Five9 CX Marketplace

Filed Under: News Tagged With: AI, Biometric, biometrics, conversational AI assistants, deepfakes, fraud, Pindrop, voice authentication, voice biometrics, voice fraud, Voice Intelligence Report

Primary Sidebar

Watch This Finance-Focused On-Demand Webinar

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

HID logo

HID powers the trusted identities of the world’s people, places and things. Our trusted identity solutions give people convenient and secure access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people use HID products to navigate their everyday lives, and billions of things are connected through HID technology. https://www.hidglobal.com/

Prove Logo

As the world moves to a mobile-first economy, businesses need to modernize how they acquire, engage with, and enable consumers. Prove’s phone-centric identity tokenization and passive cryptographic authentication solutions reduce friction, enhance security and privacy across all digital channels, and accelerate revenues while reducing operating expenses and fraud losses. Over 1,000 enterprise customers use Prove’s platform to process 20 billion customer requests annually across industries including banking, lending, healthcare, gaming, crypto, e-commerce, marketplaces, and payments. https://www.prove.com/

Recent Posts

  • Australia’s Airport RFI, Big BIPA Outcomes, and More – Identity News Digest
  • AI Update: Sports Illustrated Authors, Illustrated
  • ECOWAS Wants Help With Its ID Roadmap – Identity News Digest
  • INTERPOL’s New Tool, a $6M Raise, and Digital ID in Europe – Identity News Digest
  • ITRC Biometric Working Group Paper Explores Face Biometrics in Identity Assurance

Biometric Associations

IBIA and fido

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics