As the line between fact and fiction gets harder to distinguish, online criminals need just two hours to create a realistic, computer-generated “deepfake” product that can ruin someone’s life.
The surge in popularity of hyper-realistic photos, audio, and videos developed with artificial intelligence (AI)—commonly known as deepfakes—has become an internet sensation.
It’s also giving cyber villains an edge in the crime world.
Between 2022 and the first quarter of this year, deepfake use in fraud catapulted 1,200 percent in the United States alone.
Though it’s not just an American problem.
In the same analysis, deepfakes used for scam purposes exploded in Canada, Germany, and the United Kingdom. In the study, the United States accounted for 4.3 percent of global deepfake fraud cases.
Meanwhile, AI experts and cybercrime investigators say we’re just at the tip of the iceberg. The rabbit hole of deepfake fraud potential just keeps going.
“I believe the No. 1 incentive for cyber criminals to commit cybercrime is law enforcement and their inability to keep up,” Michael Roberts told The Epoch Times.
Mr. Roberts is a professional investigator and the founder of the pioneer company Rexxfield, which helps victims of web-based attacks.
He also started PICDO, a cyber crime disruption organization, and has run counter-hacking education for branches of the U.S. and Australian militaries as well as NATO.
Mr. Roberts said legal systems in the Western world are “hopelessly overwhelmed” by online fraud cases, many of which include deepfake attacks. Moreover, the cases that get investigated without hiring a private firm are cherry-picked.
“And even then, it [the case] doesn’t get resolved,” he said.
The market for deepfake detection was valued at $3.86 billion dollars in 2020 and is expected to grow 42 percent annually through 2026, according to an HSRC report.
