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Mitek Unveils Digital Fraud Defender: Next-Gen Defense Against Deepfakes and Emerging Digital Frauds
Business Wire
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Chris Briggs, Chief Products Officer and Adam Bacia, Product Marketing Director, of Mitek talking about deepfakes and the explosion of GenAI-based digital identity fraud.
Chris Briggs, Chief Products Officer and Adam Bacia, Product Marketing Director, of Mitek talking about deepfakes and the explosion of GenAI-based digital identity fraud.
Digital Fraud Defender from Mitek is designed to safeguard the identity verification process from modern fraud techniques like deepfakes, injection attacks, and digital template attacks, helping to future proof your organization from emerging threat vectors.
Digital Fraud Defender from Mitek is designed to safeguard the identity verification process from modern fraud techniques like deepfakes, injection attacks, and digital template attacks, helping to future proof your organization from emerging threat vectors.

Combatting the rising tide of digital identity fraud fueled by GenAI, Mitek’s Digital Fraud Defender equips financial institutions and enterprises with advanced capabilities to detect deepfakes, injection attacks, and template attacks as part of the Mitek Verified Identity Platform® (MiVIP).

SAN DIEGO, December 05, 2024--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced Digital Fraud Defender (DFD), an advanced, multi-layered solution to safeguard digital identity verification processes against sophisticated AI-enabled fraud tactics. Designed for financial institutions, fintech, online gaming providers, and enterprises requiring remote identity verification, the new suite addresses the urgent and growing challenges posed by generative AI’s potential to create highly realistic fake images, documents, and videos.

In today’s rapidly evolving threat landscape, organizations are more vulnerable than ever to AI-driven attacks, including deepfakes, synthetic identity fraud, and account takeovers. According to Deloitte’s Center for Financial Services, fraud losses from generative AI could surge from $12.3 billion in 2023 to a staggering $40 billion by 2027. As incidents of deepfake fraud alone are projected to increase by 700% by 2031, DFD is the first holistic suite of defenses designed to protect organizations and their customers from these risks.

"Too many organizations, and identity vendors, are taking a one-off approach to addressing fraud vectors. They try to react to attacks one at a time," said Chris Briggs, Mitek’s Chief Products Officer. "Digital Fraud Defender was designed to fight AI with AI and enable our customers to outpace modern frauds with a holistic suite of tools."

Future-Proofing Identity Verification

As digital interactions grow, DFD equips organizations with the tools to counter advanced fraud techniques while maintaining robust identity verification processes. By leveraging DFD capabilities, clients mitigate risks, ensure compliance, and maintain customer trust in a rapidly changing digital fraud landscape.

The Digital Fraud Defender Solution

DFD, now available within the Mitek Verified Identity Platform, combines Mitek’s proprietary liveness technology with a multi-layered approach to safeguarding IDV processes against AI-based digital fraud. This unique solution goes beyond surface-level detection by analyzing both content and channels for signs of manipulation, ensuring robust protection across several key fraud vectors:

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