Cybercriminals use AI-powered deepfake tool to bypass KYC systems on crypto exchanges

Cybersecurity firm Cato Networks revealed that cybercriminals are using a new AI-powered deepfake tool, ProKYC, to bypass Know Your Customer (KYC) measures on cryptocurrency exchanges and payment platforms such as Stripe and Revolut, according to Cointelegraph. The tool generates deepfake images, videos and even fingerprints of AI-generated individuals, integrating these with government-issued ID templates to successfully pass facial recognition challenges. The tool is sold as part of an annual subscription for $629.