Financial services face surging AI-powered threats targeting identity systems, with identity-related suspicious activity now accounting for 75% of reports filed by banks. While AI offers defensive capabilities like liveness detection and risk analytics, these alone cannot counter sophisticated attacks.

This session explores how financial firms must embrace public key cryptography and digitally signed credentials - such as mobile driver's licenses - to enhance verification and thwart AI-enabled adversaries.

Key takeaways include:

• Combating AI-driven fraud: Strengthen identity verification systems to defend against AI-powered fraud by incorporating advanced authentication methods.
• Leveraging public key cryptography: Implement digitally signed credentials, such as mobile driver’s licenses, to ensure secure, AI-resistant identity proofing.
• Fostering government-industry collaboration: Advocate for partnerships to modernize legacy identity infrastructure and accelerate the adoption of AI-resistant solutions.