Fraud-as-a-Service: GenAI and the Tools of Fraudsters
App Cloners and the Use of Generative Artificial Intelligence for Deepfakes and Sophisticated Scams Have Gained Increasing Attention in the Fraud Prevention Industry.
Targeting financial institutions, e-commerce platforms, and delivery apps, these fraudulent techniques are generating millions of dollars in losses every month. Tools developed to productize and scale fraud are available for prices ranging from $80 to $30,000 and have been spreading rapidly.
Fraudsters have become extremely sophisticated and compartmentalize their operations into a true production line, distributing these packages across various channels, such as social media groups and the dark web.
This entire operation is accessible with a subscription payment and has democratized access to committing fraud: it's Fraud-as-a-Service.
In this session, Eduardo Pires from Incognia and Nathália Palazzo, Head of Fraud Prevention at iFood, will present various techniques available to facilitate fraud, real examples of impacts on companies, and, most importantly, how to defend against them.
The following topics will be explored, along with an analysis of emerging trends and the challenges companies face in dealing with these threats:
- Fake Account Creation
- Identity Fraud
- Account Takeover
- Deepfakes
* Slides are in Portuguese
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