India, March 17 -- Infibeam Avenues Ltd, a leading fintech company, has signed a strategic Memorandum of Understanding (MoU) with the Indian Institute of Science (IISc) Bangalore, a globally renowned research institution. This partnership focuses on developing advanced real-time deepfake detection systems to enhance digital security for governments, corporations, and organizations, effectively countering the growing threats of AI-generated deception.
As deepfake technology evolves, it presents significant risks, including misinformation, cyber fraud, identity theft, and financial scams. A stark example occurred in January 2024, when a Hong Kong-based multinational company lost $25 million (?207 crore) due to a deepfake scam, where fraudste...