"Last year, only one in 10 fraud attempts were sophisticated enough to fool modern verification systems. This year, that number's nearly tripled. Amateur fraudsters are out and professionals who know exactly how to beat our defences are in."
The fraud landscape is undergoing a complete transformation. Whilst overall fraud attempts have dropped by 50%, the attacks that do occur are nearly three times more sophisticated than last year. We're witnessing the rise of coordinated, AI-powered professional operations that combine multiple attack vectors simultaneously.
Our guest is Artem Popov, Technical Product Manager for Fraud Prevention Solution at Sumsub, who joins host Thomas Taraniuk to discuss findings from Sumsub's annual Identity Fraud Report, analysing over 4 million fraud attempts globally.
From AI-generated synthetic identities and deepfakes fooling liveness checks to telemetry tampering that attacks verification systems themselves, this episode exposes sophisticated techniques targeting industries worldwide. Artem explains how ID cards account for 72% of fraudulent documents, why Kenya now sees deepfakes in 10% of fraud attempts, and how romance scams combine emotional manipulation with synthetic identities. This conversation offers crucial insights into the multi-layered defences needed to stay ahead of professional fraud networks investing real money, time, and talent into beating your systems.
Sumsub's website: sumsub.com
Sumsub's LinkedIn: linkedin.com/sumsub
Sumsub's Instagram: instagram.com/sumsubcom
Sumsub on X: x.com/Sumsubcom
Sumsub's YouTube Channel: youtube.com/@sumsubcom
Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk
Artem Popov on LinkedIn: linkedin.com/in/system29a/
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