World launches authentication tool package for financial sector to combat deepfakes
- 1World has introduced a package of three authentication products designed to prevent deepfakes and AI impersonation for banks and financial institutions.
- 2World has more than 18 million Proof of Human authentication holders.
- 3Expected losses from generative AI-based fraud in the United States are projected to reach $40 billion by 2027.
So what's the key point?
World has released tools to help financial companies prevent fraud using fake videos or voices. This will help reduce AI fraud losses, which are expected to reach $40 billion.
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