Financial Groups Propose Plan To Fight Deepfakes
A joint April 1, 2026 paper from the American Bankers Association, the Better Identity Coalition, and the Financial Services Sector Coordinating Council warns that generative AI–enabled deepfakes are being used routinely against banks and fintechs and calls on federal and state policymakers to act across multiple areas. The groups report deepfake incidents in fintech rose 700% in 2023 versus 2022, urging stronger identity defenses and regulation.
Scoring Rationale
Credible joint paper from major industry groups reporting a 700% rise provides significant, industry-wide relevance and clear policy recommendations. Score boosted by source authority and timeliness; slightly moderated for limited technical detail in coverage.
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Sources
- Read OriginalFinancial groups lay out a plan to fight AI identity attacksitsecuritynews.info
