GenAI - A double-edged sword!

While GenAI has great many uses, it can be put to misuse causing real chaos.

Here is an interesting excerpt from the article below.

Financial services and regulated entities are also concerned about the high level of fraud and fincrime, especially with the emergence of GenAI. GenAI can generate fake ID documents using techniques like image synthesis and data augmentation. Through image synthesis, GenAI algorithms learn from datasets of existing IDs to create realistic images resembling genuine documents. Data augmentation involves modifying elements like backgrounds, text, fonts, and holographic features to produce diverse ID samples. Additionally, GenAI learns from genuine ID templates to ensure new documents adhere to standardised formats and layouts.

A better future for identity and KYC - ThePaypers

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