Deepfake fraud causes average losses of $600,000 per financial company in Regula's survey, higher than the global average.

Regula's survey indicates that deepfake fraud has resulted in average losses of $600,000 per financial company, significantly higher than the global average of $450,000. About 10% of organizations faced losses exceeding $1 million. The survey highlights a disparity between businesses' confidence in detecting deepfakes and their actual ability to prevent losses. Regula recommends implementing multiple layers of identity verification to combat deepfake threats.

October 31, 2024
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