Generative AI has made it possible to create better fake IDs in minutes, and the ready availability of selfies on social media has aided those efforts.
Generative AI can be used to make watermarks, barcodes, and holograms on fake IDs, mimicking real ones, according to Kyle Nelson, vice president of strategic partnerships at Snappt, a fraud detection company.
AI has been increasingly integrated into these financial crimes during the last six months “in a large volume of cases,” Nelson said.
In a Dec. 2024 alert, the FBI warned that criminals were exploiting generative AI to commit fraud on ...