Digital identity: biometrics, deepfakes, cybersecurity and decentralized ID

Fintech News | April 22, 2020 — Many companies in the biometrics, digital identity, and cybersecurity space have shared predictions for 2020 with Biometric Update, touching on many of the key themes of the past year, and reflecting the wealth of opportunity, as well as the anxieties at play in the industry.

While an attacker can use deepfake techniques to convincingly emulate the likeness of an individual, it still difficult to digitally impersonate ones voice without fairly obvious imperfections. Deepfake audio or video cannot currently be rendered in real time, without an attacker having a large volume of computing resources and a lot of high-quality audio and video source material to train computer machine learning algorithms. While Deepfakes can be convincing to other humans, they are unable to pass physical or passive biometric verification, so coupling strong liveness detection, along with the collection of passive and physical biometric signals to verify a user’s identity, largely mitigate the current risks presented in banking transactions.
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