Binance Chief Security Officer Jimmy Su stated that increasing Deepfake applications with the development of artificial intelligence may cause problems in KYC verifications.
Know Your Customer (KYC), the most frequently preferred security method by crypto organizations, may have been compromised with the development of artificial intelligence.
Jimmy Su, the manager of Binance’s security business, stated that there has been an increase in the number of Deepfake applications along with artificial intelligence. Su states that Deepfakes can cause problems with KYC.
KYC Faces Deepfake Danger
The development of artificial intelligence day by day has started to bring up many positive and negative issues. Especially Deepfakes, which entered our lives with artificial intelligence, revealed security vulnerabilities.
Deepfake, an artificial intelligence tool that creates a similar voice, image and video of a person, is very often preferred for fraud and deception.
Making a statement to Cointelegraph, Binance Chief Security Officer Jimmy Su stated that there has been an increase in the number of people using Deepfake to pass the customer verification processes of the exchange. With the help of artificial intelligence, leaks can occur in Know Your Customer (KYC) verifications.
Su stated that hackers seized videos, photos or audio recordings of their victims. Hackers using these records in Deepfake can infiltrate exchanges.
In the past months, a Twitter user named DigitalMicropreneur shared a Deepfake video of Binance CEO CZ. In this video, AI-generated CZ was suggesting the scammers’ Telegram address.
Deep fake AI poses a serious threat to humankind, and it's no longer just a far-fetched idea. I recently came across a video featuring a deep fake of @cz_binance , and it's scarily convincing. pic.twitter.com/BRCN7KaDgq
— DigitalMicropreneur.eth (@rbkasr) February 24, 2023
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