When conversations on AI happen, it almost always discusses the productivity gains that will emerge from those technologies. But in insurance, something far sinister may happen…it may make fraudsters more productive as well. How can we know that the image with property or auto damage is actually…property or auto damage?
In this episode of Risk & Robots we discuss the rise of AI-generated fake photos and videos and the need for frameworks to detect and prevent fraud in industries such as insurance. Our guest, Nicos Vekiarides from Attestiv, explains the challenges of identifying deep fakes and the constant need to evolve detection methods. The conversation highlights the importance of dedicated companies and frameworks to address the growing threat of AI-generated fraud.
– Nicos Vekiarides from Attestiv discusses their work in data protection and fraud detection using AI.
– We discussed how the ease of creating fake photos and videos using generative AI has become a problem for the insurance industry.
– Fake photos are becoming more realistic and harder to detect, as they are assembled using different elements from the internet and lack the consistent noise pattern of real photos.
– A new framework is needed to detect and score the probability of altered or AI-generated content, as it is difficult to determine the authenticity of images and videos.
– The technology is now available to process large amounts of data simultaneously, making it possible to operate at scale and protect against fraud using AI-generated face photos.
– The constant updates and improvements in AI require continuous monitoring and retraining, similar to fighting viruses in cybersecurity.
– The speaker discusses the goal of creating a solution for a real problem and the importance of dedicated companies in the field.
– The discussion revolves around the potential risks of deepfake technology and the need for deepfake insurance.
<much of this summary was generated by AI using Monica>
About Nicholas Lamparelli
Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. Nick serves as our Chief Evangelist.
Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. Nick serves as our Chief Evangelist.
