---
title: Battle Against AI-driven Identity Fraud Study | Get the full report
description: Discover how European financial institutions are combating AI-driven identity fraud. Gain insights into the impact of AI, deepfakes, and future prevention strategies in the Battle Against AI-driven Fraud report.
image: https://resources.signicat.com/hubfs/Battle-Against-AI-driven-Fraud-Report-Signicat.png
---

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# Battle Against AI-driven Identity Fraud

 Explore how European financial institutions combat AI-driven identity fraud. This first comprehensive report in collaboration with David Birch explores their experiences, the impact of AI on fraud, and their preparedness to tackle it.

### Get access to the Battle Against AI-driven Identity Fraud report.

## Get insights from over 1,200 fraud decision-makers across Belgium, Germany, the Netherlands, Norway, Spain, Sweden, and the UK

![The Battle Against AI-driven Identity Fraud Signicat](https://resources.signicat.com/hubfs/The%20Battle%20Against%20AI-driven%20Identity%20Fraud%20Signicat.png)

- **State of Fraud:** Explore the current landscape and common types of fraud.  

- **AI Awareness:** Understand AI's role and its impact on identity fraud.  
- **Deepfakes:** Examine the rise and increasing sophistication of deepfakes.  
- **Organisational Readiness:** Assess how prepared institutions are to combat AI-driven fraud.  
- **Future Strategies: **Discover the anticipated challenges and prevention methods.  

## “AI will bring substantial efficiency gains into all parts of the economy. However, it will also present new threats as bad actors learn how to use the technology for their criminal purposes.”

 - David Birch and Steve Pannifer from Consult Hyperion

## Key findings at a glance

![Visual_transp](https://resources.signicat.com/hubfs/Visual_transp.png)

- Three years ago, AI crafted synthetic identities and document forgeries; now, it fuels deepfakes and social engineering attacks.

- Deepfakes dominate eID fraud, targeting banks, fintechs, and large firms.

- 42.5% of detected fraud involves AI, with a 29% success rate.

- Fraud decision-makers foresee AI's role but grapple with its nuances and resource scarcity.

- Most businesses prioritise AI-driven fraud prevention but lag in implementation. 

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