Binance is planning to release a blog post series aimed at educating users about risk management.
In an early version of the blog post featuring a section on cybersecurity, Binance said that it uses AI and machine learning algorithms for its own purposes, including detecting unusual login patterns and transaction patterns and other “abnormal activity on the platform.”
AI deepfakes are getting better at spoofing KYC verification: Binance exec
The technology is getting so advanced that deepfakes may soon become undetectable by a human verifier, said Jimmy Su, Binance’s chief security officer.
Deepfake technology used by crypto fraudsters to bypass Know Your Customer (KYC) verification on crypto exchanges such as Binance is only going to get more advanced, Binance’s chief security officer has warned.
Deepfakes are made using artificial intelligence tools that use machine learning to create convincing audio, images or videos featuring a person’s likeness. While there are legitimate use cases for the technology, it can also be used for scams and hoaxes.
Speaking to Cointelegraph, Binance Chief Security Officer Jimmy Su said there had been a rise in fraudsters using the tech to try and get past the exchange’s customer verification processes.
“The hacker will look for a normal picture of the victim online somewhere. Based on that, using deepfake tools, they’re able to produce videos to do the bypass.”
Su said the tools have become so advanced that they can even correctly respond to audio instructions designed to check whether the applicant is a human and can do so in real-time..."
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