In today’s digital world, technology enables amazing advancements, such as unlocking our phones or logging into bank apps with just a face scan. However, as technology grows smarter, so do scammers. One of the newest tricks fraudsters are employing is deepfake technology, and it’s crucial that you know how to protect yourself.
What Exactly Is a Deepfake?
A deepfake is a fabricated video or image created using artificial intelligence. It can appear so real that it’s difficult to distinguish it from genuine content. With the right tools, scammers can replicate someone’s face, voice, or even expressions to deceive facial recognition systems.
Why Should You Be Concerned?
Some banks and applications now utilize facial recognition for account access or payment approvals. If a fraudster obtains a video or image of you, they could potentially trick the system and impersonate you. This could lead to:
- Unauthorized access to your account
- Stolen money or personal information
- Extended recovery time from fraud
Not to worry. At Sterling, it is our responsibility to identify risks like this and educate you on how to protect yourself and stay one step ahead.
Here are 6 Smart Steps to Protect Yourself:
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- Turn on extra security: Use multi-factor authentication (MFA) on your banking app. This means that even if someone fakes your face, they will still need your PIN or fingerprint.
- Keep your app updated: Always install the latest version of your app. Updates frequently include stronger security features designed to block the newest threats, such as deepfakes.
- Be careful with personal videos: Avoid posting high-quality videos of yourself (especially close-up ones) on public platforms. Fraudsters can use these to create deepfakes.
- Set alerts and limits: Enable SMS or email alerts for all transactions. You can also set daily spending limits to control your account activity.
- Report anything strange: If you notice any suspicious login attempts or transactions, call us immediately. The sooner you report it, the faster we can help.
- Stay informed: Fraud trends change quickly. Follow Sterling Bank on social media and check our updates—we’ll keep you posted on how to stay safe.
Deepfakes are sophisticated, but you can be smarter. By taking a few simple steps and staying alert, you can stop fraudsters in their tracks and protect your money.
