Mitek Systems

Deepfakes are no longer just sci-fi — they're real life. These advanced tactics, like impersonation and synthetic identity theft, are a real danger to financial institutions. But businesses can fight back. With vigilance, cutting-edge detection tools, and strong, multi-layered defenses, we can stay one step ahead of these threats. #Deepfake #DigitalManipulation #AIThreats

#FraudWeek Spotlight: Paper Checks and Rising Fraud Despite digital innovations, paper checks remain a cornerstone of financial transactions, but they also expose banks to soaring fraud costs - up nearly 400% last year, according to a Financial Crimes Enforcement Network report. Scammers exploit this outdated medium, targeting vulnerabilities in systems. As banks strive to enhance detection and prevention, solutions like Mitek's Check Fraud Defender are essential, leveraging AI and computer vision to reduce false positives and operational costs while protecting customer trust. Learn more about combating this growing issue during #FraudAwarenessWeek. Full article:?https://lnkd.in/g3cgbVRS

Cam Stirner from DarkTower explains how the DarkTower and Mitek collaboration leverages intelligence from threat actors to stay ahead of check fraud and make a real impact. Learn more about this unique partnership and its role in shaping the future of fraud prevention: https://bit.ly/3OaUh92 #DigitalIdentity #FraudPrevention #FraudDetection

*FinCEN issues warning on deepfake-driven fraud* As generative AI tools become more accessible, the threat landscape is evolving fast. This week, the U.S. Financial Crimes Enforcement Network (FinCEN) issued an alert highlighting the threat deepfake technology poses to the financial sector. The message is clear: deepfakes aren’t just a cybersecurity concern—they’re now a significant financial crime risk.? ? What is at stake?? Fraudsters are using deepfake audio, video, and images to impersonate individuals, bypass KYC protocols, and manipulate identity verification systems. These sophisticated tactics allow criminals to open accounts, authorize transactions, and even trick institutions into thinking they’re interacting with legitimate customers.? ? Why It matters for financial institutions? For those of us working to strengthen identity verification and fraud prevention, this alert is a critical call to action. Traditional verification tools often lack the ability to identify AI-generated media, making it essential to adopt more modern defenses.?? ? Now is the time for financial institutions to invest in adaptive, AI-driven identity verification solutions. Mitek is dedicated to fighting AI fraud with our award-winning biometrics and liveness technology and comprehensive capabilities for detecting the use and injection of digitally manipulated content. Reach out to learn how Mitek can help you safeguard your systems and protect customers from AI-enhanced financial crime.? ? For more insights, check out the full alert from FinCEN here.?https://lnkd.in/e2T_xWrd #FraudPrevention #Deepfake #FinCEN #GenerativeAI #IdentityVerification #FinancialCrime #Cybersecurity

Onboarding new customers without reviewing all available data is like making decisions with one hand tied. Troy Huth, Senior Director at Auriemma Roundtables, emphasizes spotting red flags and leveraging complete data to prevent synthetic identities from slipping through. #FraudPrevention #DigitalIdentity #CustomerOnboarding

Building a strong fraud department requires more than just tools—it's about having the right strategy and expertise. Listen to John Fick, MLS, CFE, CFCI, CECFE, Corporate VP at Northwest Bank, as he breaks down the key roles that strengthen fraud prevention and how AI, machine learning, and collaboration can make a difference. #FraudPrevention #CheckFraud #CheckFraudPrevention

Today’s customers expect more than basic support—they want seamless, personalized experiences on their preferred platforms. Watch as Susan Blackburn, Chief Commercial Officer at Viewpointe, shares how to meet these demands with context-driven, responsive service. #CustomerExperience #Innovation

With more users managing several banking apps, the challenge isn’t just convenience—it’s safeguarding our financial ecosystem from rising threats. Tyson J. Goings, Head of FinTech Strategy at Verizon, shares key insights on multi-layer authentication and how Mitek protects banking channels for institutions of all sizes. #DigitalIdentity #IdentityVerification?#Biometrics?

Misclassifying fraud can have lasting impacts on financial institutions and consumers alike. Troy Huth, Senior Director at Auriemma Roundtables, explains the importance of accurate fraud classification in preventing fraudsters from taking advantage of synthetic identities. #FraudPrevention #DigitalIdentity

"Better Together" this new fiscal year — check out the photos from Mitek Connect & SKO25! #MitekNation #IdentityVerification Featured: Cindy White Christopher Briggs Adam Bacia Kerry Cantley Azan Dhanani Kim Martin