Deepfake technology has created another level of fraud that is popping up in Crypto and Know Your Customer (KYC) scams. Deepfake artificial intelligence tools use machine learning to create convincing audio, images or videos featuring a person’s likeness – which is increasingly being used for scams and hoaxes on individuals and financial institutions.

For many fraud and asset recovery practitioners, the areas of AI and deep fake technology are not well understood and create a variety of issues and challenges. Be sure to join us in this session as we define and unpack the complexities of these technologies; examine the latest developments; and answer the most crucial questions for counsel, consultants, and regulatory agencies to prevent these high-tech scams; such as:

• Is AI and deep fake fraud trending towards becoming the newest existential threat for fraud and asset recovery practitioners?
• What steps can be taken for risk management and incident prevention?
• What can the digital asset and blockchain communities do – if anything – to prevent such scams in the future?
• What are some of the tools that can be used to counter simulated voices and voice recognition frauds?
• How can facial recognition technology play a role in reducing fraud and crime?
• What are the parameters and goals of the EU AI Act; the world’s first comprehensive AI Law?