Financial groups lay out a plan to fight AI identity attacks

The report analyzes a rapid rise in AI-enabled identity fraud—deepfakes, automated phishing, synthetic identities, and real-time voice/facial spoofing—against financial institutions, citing large increases in incidents and projected multi-billion-dollar losses; it recommends four near-term policy initiatives (identity proofing and verification, phishing-resistant authentication, international standards coordination, and public education) and specific measures (e.g., broader eCBSV access, FIDO/passkey adoption, NIST liveness guidance, and state infrastructure grants) to mitigate the threat.