Reality Defender

A new FS-ISAC report reveals some truly alarming statistics about deepfake fraud in finance: -1 in 10 financial institutions have already encountered AI-generated deception -60% lack ANY protocols to combat synthetic media fraud -Projected losses could reach tens of billions of dollars As the first company to specialize in real-time deepfake detection, we at Reality Defender have been tracking this threat closely since our inception. Now, FS-ISAC — the financial sector's leading security consortium — has created the first comprehensive framework for understanding and combating these emerging threats. Our own Marie Hoffman recently analyzed the consortium's report and its findings on the Reality Defender blog, detailing the many implications for financial institutions, including: -Nine distinct types of deepfake threats targeting banks -Critical vulnerabilities in current authentication systems -Essential strategies for protection The time to act is now, before these sophisticated attacks become increasingly more commonplace. Read Marie's full analysis below.

The numbers are stark: Voice-based fraud now amounts to $25 billion in losses annually, impacting 21% of US adults according to Truecaller's 2024 report. As AI voice cloning becomes more sophisticated, traditional authentication methods are being outmatched – and the impact is already being felt. Microsoft's research shows that 37% of organizations have already experienced voice deepfake fraud attempts. Join Reality Defender on December 11th at 12pm EST for an essential discussion on securing contact centers against this emerging threat. Head of Product Diana Hsieh and I will share real-world examples, examine why existing security measures are falling short, and demonstrate how a multi-layered security approach can protect your organization and customers from AI-powered voice fraud.

A concerning new report from S&P Global Market Intelligence highlights how generative AI has transformed deepfake fraud from a niche threat into an "enterprise-grade operation," creating what they term an "existential challenge" to verification systems in banking and payments. What's particularly troubling in the report is the sophistication of these attacks. Research from University College London shows that humans can only detect AI-generated audio 73% of the time — a survey taken in 2023, when generative audio was comparatively primitive to today's convincing advancements. The Reality Defender blog has an excellent write-up of the report, as well as additional findings from our team on the threats deepfakes pose to the financial sector — institutions, customers, and overall reputation. Even if you don't have an S&P Global subscription, it's well worth a read.

"The threat of AI voice impersonation has moved from theoretical to a clear and present danger for businesses worldwide." Insightful coverage in Speech Technology Magazine about our new partnership with TaskUs. Their latest piece explores how content moderation teams are adapting to AI-generated threats through advanced detection tools. Read the full story below learn more about the evolving landscape of AI detection and content moderation.

I had the pleasure of talking with Help Net Security on the future of securing communications against deepfakes and how Reality Defender responds not just in real time, but ahead of time in the face of tomorrow's Generative AI-related threats.

In this Help Net Security interview, Ben Colman, CEO of?Reality Defender, discusses the challenges of detecting high-quality deepfakes in real-world applications. He addresses the effectiveness and limitations of watermarking, AI-based detection, and the potential of emerging technologies in securing media authenticity. ?? Read more: https://lnkd.in/eqT4EBKQ #deepfakes #artificialintelligence #socialengineering #cybersecurity #netsec #security #infosecurity #CISO #ITsecurity #cybersecuritynews #securitynews??

Deepfake fraud and disinformation are growing challenges for businesses and digital platforms. Our new partnership with TaskUs combines Reality Defender’s cutting-edge detection technology with TaskUs’s content moderation and contact center expertise to protect against AI-enabled threats. From identifying harmful content to flagging AI-generated voices, this collaboration offers a powerful, holistic solution to safeguard trust and integrity in a rapidly evolving deepfake threat landscape. Learn more about this exciting partnership on the Reality Defender blog.

Our new friends at Booz Allen Hamilton's venture arm have announced their investment in Reality Defender — and we could not be more excited. Wes B. and team are true champions of Reality Defender's work on securing communications against deepfakes, and have been immensely and immediately helpful in our work in shielding agencies from this ever-growing threat. Read more about this exciting melding of minds and Booz Allen Hamilton's strategic investments in AI below.

So excited to invest in Reality Defender! It reflects Booz Allen Hamilton's commitment to fostering responsible, secure, and trustworthy AI solutions that protect citizens, government, and commercial clients from evolving digital threats, misinformation, and deepfakes in real time. Brian T MacCarthy Travis Bales Christopher Woods Kerry Chin Alexis Mclaughlin Alex Bock James G. Beau Oliver Bill Vass John Larson Greg Kacprzynski Matthew Keating Dahlia Coopersmith Phil Linder Ali Tamaseb Illuminate Financial New North Ventures

Combating mis/disinformation is poised to be a critical battleground for the public and private sectors alike.??Building on our position as the #1 AI service provider to the U.S. federal government, Booz Allen Hamilton has invested in Reality Defender to integrate deepfake detection into our AI security portfolio.? Learn more here: https://lnkd.in/eihyjZDb