New age fraud: “Trust is being weaponised in the digital era”
Experts at a FICCI conference discussed the rise of sophisticated digital fraud, including deepfakes and crypto-enabled money laundering. They called for a shift toward advanced forensic technologies and better collaboration between regulators and law enforcement to combat these industrial-scale crimes.
Why it matters
As digital trust is weaponized, traditional investigative methods are becoming obsolete, necessitating a technological evolution in financial security.
At a time when AI-generated deepfakes, digital arrests, cyber-enabled financial frauds and crypto-powered crime networks have become increasingly sophisticated, combating these next generation of fraud would require a fundamental shift towards advanced forensic technologies, real-time intelligence sharing and stronger collaboration between regulators, businesses and law enforcement agencies said experts at the FICCI Conference on Next-Gen Forensics: The New Age of Fraud Investigation that was held in Mumbai.
The article summarizes expert opinions from a professional conference without editorializing.
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