The Battle Against AI-Driven Identity Fraud: Key Insights from European Financial Institutions
AI-driven identity fraud ranks amongst the fastest-growing security threats today. In the past three years alone, fraud attempts have surged 80%, using AI in particular to devise intricate schemes that are becoming undeniably hard to trace and stop.
Pinar Alpay will present findings during this talk, from the latest comprehensive study by Signicat into the impact of AI-driven identity fraud on European financial institutions. The study, conducted with support from Consult Hyperion, draws on the insights of more than 1,200 fraud decision makers across Europe. The talk will cover emerging trends, such as the rise of deepfakes, increasing sophistication of synthetic identities, and resource constraints and preparedness that organizations face in fighting AI-enabled attacks.
With deepfakes now comprising 6.5% of all fraud attempts - an increase of 2137% in just three years - this session will provide concrete guidance on how financial institutions can stay ahead of these emerging threats.
Pinar Alpay
Pinar Alpay serves as Signicat’s Chief Product & Marketing Officer and is a member of the company’s executive management team. Prior to joining Signicat, Pinar Alpay was an SVP at Worldpay/FIS, the world’s largest payments processing company, where she was responsible for setting the strategy of multiple core product families and leading their execution with a significant global team. At Worldpay/FIS, Pinar also played a critical role in transforming the company’s technology architecture. She has extensive international experience in addition to being an award-winning entrepreneur. Previous roles have included working at Bain & Company as a strategy consultant and Barclaycard International as Head of Strategy & Planning.
