AU10TIX Q3 2024 Global Identity Fraud Report Detects Skyrocketing Social Media Attacks

AU10TIX’s Q3 2024 Global Identity Fraud Report, unveiled at Money 20/20 USA, details a sharp rise in automated bot attacks and AI-powered deepfakes—especially synthetic selfies—used to mass-create fake accounts and bypass KYC, with social media comprising 28% of attacks in Q3 and regional surges in APAC and North America; while payments fraud dropped from 52% in Q2 to 39% in Q3 amid tighter controls, attackers shifted toward less regulated crypto (31% of attacks), and the report advises behavior-based detection, AI-driven defenses, and preparedness for synthetic-selfie abuse.