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Podcast: CXOInsights by CXOCIETY
Episode: PodChats for FutureCISO: Combating synthetic identity fraud
Description: The proliferation of synthetic identities, which are fabricated identities created by combining real and fictitious personal information, has fuelled a surge in fraud across various industries. These synthetic identities are often used to open fraudulent accounts, obtain credit or loans, and engage in other illicit activities. The rise of artificial intelligence (AI) technology has exacerbated this issue, enabling criminals to generate highly realistic fake identities with ease, including fabricated names, addresses, and even biometric data like facial images and voice recordings.Organizations must adopt advanced techniques, such as behavioural analytics and biometric authentication, to detect and prevent...