Reddit’s Billionaire CEO Charts AI-First Future After 20-Year Journey
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AI Fraud Prevention Market Expands as Deepfake Threats Surge 704%
Deepfake attacks bypassing identity verification have increased by 704% according to recent threat intelligence. The global AI fraud detection market is projected to reach $31.69 billion by 2029 as organizations seek advanced protection.
AI Fraud Epidemic Sparks Defense Innovation
The rapid escalation of artificial intelligence-enabled fraud is driving unprecedented growth in the prevention market, with analysts suggesting the global AI fraud detection sector could reach $31.69 billion by 2029. This expansion comes as reports indicate deepfake attacks designed to bypass identity verification systems have surged by 704% according to iProov’s 2024 Threat Intelligence Report.