AI-driven ID fraud surges in Africa as traditional scams decline – Report

iProov warns of growing threat to KYC systems from 'Grey Nickel'

Biometric identity verification company iProov has reported a growing wave of attacks targeting banks, crypto platforms, and payment services across Asia-Pacific, North America, and EMEA. The company linked the activity to a group known as “Grey Nickel,” which has been active since July 2023. During a recent investigation by the iProov Security Operations Center (iSOC), […] The post iProov warns of growing threat to KYC systems from ‘Grey Nickel…

AI-driven ID fraud surges in Africa as traditional scams decline – Report

A new report from global verification platform, Sumsub, has revealed that traditional scams such as document forgery continue to decline in Africa while synthetic identity fraud powered by AI and digital forgery tools gains ground.  The post AI-driven ID fraud surges in Africa as traditional scams decline – Report    appeared first on Nairametrics.