AICybersecurityFintech

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.

CybersecurityInnovationSoftware

Cybersecurity Paradigm Shifts from Resilience to Antifragile Systems Fueled by AI Advancements

Cybersecurity professionals are advocating for a fundamental shift from traditional resilience models to antifragile systems that strengthen through attacks. According to industry analysis, artificial intelligence is accelerating this transition as threats evolve at unprecedented rates. The new approach treats security breaches as opportunities for systemic improvement rather than mere disruptions to contain.

The Rise of Antifragile Cybersecurity

Cybersecurity experts are reporting a fundamental transformation in how organizations approach digital defense, moving from traditional resilience models toward what analysts describe as “antifragile” systems. According to industry sources, this shift represents a response to the limitations of conventional security approaches in an era dominated by artificial intelligence and increasingly sophisticated threats.

BusinessFintech

Gennius XYZ Partners With Thredd to Power Global Loyalty Currency Expansion

Gennius XYZ has announced a strategic partnership with payment processor Thredd to accelerate its global expansion. The collaboration will enable instant virtual card issuance and transform loyalty points into spendable currency across millions of merchants worldwide, according to company statements.

Strategic Partnership Accelerates Global Payment Innovation

Financial technology company Gennius XYZ has selected Thredd as its global issuer-processor partner to support significant international expansion, according to reports. The partnership, announced in an October 20 press release, will reportedly enable Gennius XYZ to launch instant virtual card issuance and advance multi-currency loyalty innovations across new markets.