Every time we enjoy the arrival of new technology, those of us in the security community generally limit our celebrations; hackers and social engineering fraudsters always lie in wait to use these new technologies to prey on lagging defenses or users who are still learning the ropes.
The truth is that there’s a distinct pattern throughout the last few decades of inventions and threats arriving in tandem. As new technology allows today’s fraudsters to work more efficiently, it also allows for less-talented would-be criminals to start doing damage. When current AI tools can write malicious script from a simple prompt, the bar has become pretty low for new fraudsters to try their hand.
Anonymized identity networks can track and analyze the activities of individual identities with recency and frequency before a key moment like an application; reviewing identities as a collective and monitoring for any suspicious details in the context of that identity’s dynamic activity is the natural next step in the fight against this type of fraud.