For professional fraudsters, the rapid development of deepfake technology must feel like Christmas. Deepfake phishing attempts reportedly rose by 3,000% in 2023, and the ever-increasing accessibility of generative AI tools like Midjourney and OpenAI will do little to reduce that figure in 2024.
If you’ve ever encountered a deepfake video – whether of Tom Cruise dancing in his backyard or the CFO who tricked his employees into handing over $25 million (neither, of course, were the real deal) – then you’ve likely done so on your smartphone. So what are smartphone companies doing to defend against the threat of face-stealing fraudsters?
