AI-powered deepfake fraud claims double

Deepfake-enabled social engineering losses rose sharply as attackers combined cloned voice, spoofed video, and urgency-based payment workflows.

Risk teams are deploying stepped verification for high-value transfers and introducing out-of-band approval checks for finance and treasury operations.

Insurers are also tightening underwriting around payment controls, emphasizing training frequency, simulation quality, and documented escalation procedures.