The front line of fraud tech
Ten years ago, identity fraud typically meant people manually forging, but today’s threat actors work with purely-digital fakes with an increasingly-advanced toolset including ‘deepfakes’ that work even on live video feeds. At the same time, Twitter advertisers have seen billions wiped off their market caps as the platform struggles with its ID verification. On top of the growing scale of digital fraudsters, a surprising amount of businesses are willing to let a small amount of fraud occur. Companies need to carefully plan how to avoid fraud, but more importantly learn from the experience of falling victim to scams.This week, we spoke to Mike Tuchen, CEO of identity tech firm Onfido, to discuss the current threat landscape, how the tech sector can match threatening tech with detection systems, and best practice going forward.For more information, read the show notes here.