Evolution Of Financial Attacks, Starting From 2D Technology To Deepfakes

The evolution of financial-based cyberattacks (photo: dock.unsplash)

JAKARTA The mode of crime in the banking sector is growing thanks to the increase in technology. If in the past the crime was still simple and easy to overcome, this mode has threatened many parties.

According to ADVANCE.AI's explanation, the Singapore-centric Artificial Intelligence (AI) company, the evolution of technological attacks in finance has grown a lot. From the only 2D, it is now Artificial Intelligence Generated Content (AIGC) or deepfake.

Several years ago, the mode of 2D attacks is still common. Types of attacks like this usually only take advantage of printed photocopies to pass data verification, as if the perpetrators were genuine people who made transactions.

Furthermore, crime began to lead to 3D attacks. This crime model is more sophisticated where criminals make very realistic masks with a person's face, complete with eye details that can blink.

Usually, this mask is silicon made to create a real human illusion. However, these two methods are almost no longer found today because deepfakes are considered more up-to-date.

"The most recent attack right now is deepfake," said Anggraini Rahayu, Country General Manager of ADVANCE. AI. "This technology is much more sophisticated because it is supported by rapidly growing AI."

Anggraini explained that data such as photos of Identity Cards (KTP) can be found easily on the internet, for example on the dark web. Then, with the help of AI technology, this ID card photo is processed to make it look realistic and original.

The manipulated ID card photo is then attached to the fraudster's face. As a result, the fraudster will look like the person in the ID card they stole. If banks don't improve their verification system, they can be fooled by this method.