TechFlow news — according to Sumsub data, from Q1 2023 to Q1 2024, the number of deepfake identity documents detected in the global cryptocurrency industry surged by 217%, primarily driven by emerging technologies such as AI, with such cases continuously rising.
Regarding recent cybersecurity challenges facing the industry, Bitget CEO Gracy Chen stated: "While innovative technologies like artificial intelligence have brought positive impacts to the world, they are increasingly being exploited by criminals for deepfake fraud. Therefore, our verification technologies must constantly evolve and improve. As a centralized exchange, ensuring user data security is critical, and Sumsub, as our long-term partner, will assist us in continually enhancing the safety of user data."
Jacob Sever, co-founder of Sumsub, added: "Today, using AI-powered solutions to combat AI-driven threats has become the benchmark for ensuring the security of Web3 companies. We are honored to support Bitget in preventing Deepfake scams. Our goal is to maintain a long-term collaboration with Bitget to jointly create a civilized, secure, and healthy online environment."
Previously, Bitget announced an upgraded partnership with end-to-end KYC service provider Sumsub. Key services provided by Sumsub to Bitget include identity verification, facial biometric detection, non-document verification, and database verification. Leveraging AI-powered deepfake detection and anti-fraud technologies, along with Sumsub’s extensive certifications and validations, Sumsub achieves over 99% accuracy in identifying AI-generated counterfeit documents.
