Experts say deepfakes have the potential to disrupt financial markets and aid fraud, but there remain few real-world examples so far. People in China are growing increasingly concerned about deepfakes and biometric data leaks as the use of facial recognition grows. — SCMP
Experts have been sounding the alarm about weak biometric data security for years. The problem has looked especially pernicious in China, where facial recognition is now a ubiquitous form of identification. Now the rise of deepfakes could be creating new problems, experts say.
Despite widespread concern about technology, which allows a person’s likeness to be imitated through audio and video, there are few real-world examples of hackers successfully exploiting it for monetary gain.
