Hopes and Risks: The Rise of Next Generation AI


Philipp Pointner from Jumio delves into the realm of AI’s potential to facilitate cost-effective misinformation and intricate scams, while also highlighting strategies for businesses to shield themselves from these dangers.

The sweeping influence of Generative AI has garnered attention worldwide, driven by the recent triumph of ChatGPT, an ingenious text-generation chatbot. Our latest research discloses a remarkable statistic: 67% of individuals across the globe are now well-acquainted with generative AI technologies. Notably, in specific markets such as Singapore, an impressive 45% have already gained hands-on experience with this groundbreaking technology.

The impact of Generative AI has already reshaped numerous sectors, ushering in fresh prospects and reshaping established norms. Yet, amidst its promising potential, a host of significant risks also loom large.

Welcome to the era of cost-effective yet impactful misinformation

In the days of old, orchestrating widespread disinformation campaigns necessitated considerable resources and a substantial workforce. Effective operations relied on coordinated efforts from multiple individuals. However, the advent of generative AI has brought about a fundamental shift, making the creation and distribution of compelling fake news stories, social media posts, and various forms of disinformation more accessible and affordable than ever before. These advanced AI systems have reached an impressive level of sophistication, generating content that bears an uncanny resemblance to human-authored material. As a result, the boundary between truth and falsehood has become increasingly blurred.

In today’s landscape, a lone malicious actor armed with a powerful language model can exploit the capabilities of generative AI to craft a false narrative that convincingly mimics a genuine news article. They can seamlessly integrate quotes from imaginary sources and construct a compelling storyline that resonates with unsuspecting readers. Harnessing the rapidity and interconnectedness of social media platforms, this brand of disinformation can swiftly propagate, reaching millions within mere hours.

The proliferation of disinformation takes on an even more pervasive nature when social media platforms lack rigorous identity verification protocols during the account creation process. In such instances, a multitude of fake accounts can be effortlessly established, acting as amplifiers that disseminate disinformation on an unparalleled scale. This absence of stringent verification measures not only fuels the proliferation of misleading narratives but also compounds the challenges individuals face in discerning the credibility of the information they encounter online.

Unlocking the Potential of Generative AI

Generative AI isn’t just a tool for fostering disinformation; it’s also opening up new avenues for fraud and sophisticated social engineering schemes. In the past, scammers relied on pre-written scripts or basic chatbots to interact with their targets. These interactions often felt detached from the context of the conversation, making it easier for potential victims to spot the inauthentic nature of the exchange. However, thanks to strides in generative AI technology, scammers now possess the ability to program chatbots that emulate human interaction with astonishing accuracy.

Empowered by extensive language models, these AI-driven chatbots can analyze incoming messages, grasp the nuances of the conversation, and produce responses that closely resemble genuine human interaction. This marks a significant departure from earlier fraud tactics, providing fraudsters with a more potent means to extract information from victims in a convincing manner.

These AI-enabled fraudsters are adept at leveraging the trust and vulnerabilities of individuals, often masquerading as people personally known to the victims or even public figures. Our research shows that more than half of global consumers (55%) recognize that AI can be harnessed to create audio deepfakes, reproducing the voices of individuals in their personal or public circles. The intention behind this is to deceive them into revealing sensitive information or financial assets. However, despite this awareness, the year 2022 witnessed these scams swindling over $11 million from victims in the United States alone.

Leveraging AI for Defense

While generative AI introduces certain risks, it’s crucial to recognize that AI can also serve as a formidable defense against these very threats.

An effective strategy involves harnessing AI for identity verification and authentication. Platforms on social media and online services can adopt multimodal biometrics, which meld diverse biometric data sources such as voice and iris recognition with machine learning algorithms. This amalgamation scrutinizes identity verification accuracy, erecting an additional layer of security. Moreover, multimodal biometric systems incorporate liveness detection to pinpoint and flag accounts spawned from face-morphs and deepfakes.

Although preventing individuals from succumbing to generative AI-propelled scams, which manipulate them into divulging personal data, can be challenging, AI-driven solutions can mitigate the subsequent misuse of stolen information. For instance, in cases where personal data is compromised through these sophisticated scams and is then employed to breach existing online accounts or fabricate counterfeit ones, online service providers equipped with verification or authentication systems grounded in multimodal technology can intercept and thwart such endeavors. The integration of biometric verification erects an additional hurdle that scammers find difficult to surmount.

Fortuitously, our research underscores that global consumers grasp the significance of biometric identity verification, with a substantial 80% asserting its necessity when accessing online financial service accounts.

The ascendancy of generative AI has undoubtedly transformed domains like content creation and automation, while also ushering in substantial hazards such as disinformation and fraud. However, it’s imperative to adopt a well-balanced perspective toward this technology. As we acknowledge the potential pitfalls, we must also appreciate AI’s promise as a countermeasure to combat these very threats. By harnessing AI-powered solutions for identity verification and authentication, we can fortify trust and assurance in navigating the digital realm, all while effectively mitigating the risks posed by generative AI.

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