Generative AI merges with intelligent malware, threat level rises

Organized ID fraud in North America has risen by 44%, according to AU10TIX, largely driven by the economic recovery and inflationary pressures in the US market. Meanwhile, the Asia-Pacific region has seen over 4% of transactions flagged as ID fraud, partly due to weaker anti-fraud defenses. The report also showed a stark contrast in methods of attack, stressing the need for multi-layered identity verification systems. AI advancements also increase the independence and automation of attacks.