Advertisement
Top
image credit: Pexels

A new wave of sophisticated digital fraud hits Europe

June 5, 2023

Forced verification and deepfake cases multiply at alarming rates in the UK and continental Europe, according to Sumsub.

In Germany alone, forced verification grew by 1500% as a proportion of all fraud cases, from 0.3% in the full year 2022 to 5% of all fraud in Q1 2023.

In Great Britain and Europe, as well as in North America, the proportion of deepfakes among all fraud cases grew considerably from 2022 to Q1 2023.

This proportion jumped from 1.2% to 5.9% in the UK, from 1.5% to 7.6% in Germany, and from 0.5% to 5% in Italy, respectively. Simultaneously, printed forgeries, which represented 16% – 23% of all fraud in 2022, dropped to 0.1% and less last quarter.

Read More on Help Net Security