3000% Increase in Deepfake Frauds

A new report from ID Verification Company Onfido shows that the availability of cheap generative AI tools has led to Deepfake fraud attempts increasing by 3,000 per cent (specifically, a factor of 31) in 2023.

Free And Cheap AI Tools 

Although deepfakes have now been around for several years, as the report points out, deepfake fraud has become significantly easier and more accessible due to the widespread availability of free and cheap generative AI tools. In simple terms, these tools have democratised the ability to create hyper-realistic fake images and videos, which were once only possible for those with advanced technical skills and access to expensive software.