In this episode of Tech Talk, we address the pressing issue of deepfake fraud in the financial sector with Frederic Ho, the Vice President of Asia Pacific at Jumio. Based on Jumio's 2024 Online Identity Study, we explore consumer confidence in banking fraud-protection measures and their specific concerns about deepfakes. Frederic will discuss how deepfakes pose unique threats to financial services and provide concrete examples of deepfake-powered fraud. We'll look into the specific measures financial institutions and technology providers are implementing to strengthen defences against these cyber threats and the role of regulatory frameworks in this effort. Additionally, we'll cover consumers' expectations regarding reimbursement and accountability, and the importance of educational initiatives for raising awareness about deepfake risks. See omnystudio.com/listener for privacy information.