Opening a bank account online has never been easier. For customers, it often takes less than a minute. For fraudsters, however, the same digital onboarding processes have become attractive targets.

«Criminals no longer attack one account at a time. They use bots to probe digital onboarding systems at scale, looking for weaknesses they can exploit automatically», Chris van Straeten told finews.

Artificial intelligence is accelerating that trend.

Deepfakes Are Raising the Stakes

AI-generated identity documents, manipulated selfies and synthetic videos are becoming increasingly difficult to detect.