The rapid advancement of deepfakes is becoming a major challenge for sustaining trust in digital identity systems, the World Economic Forum (WEF) has warned. Deepfake-generating technologies, and especially face-swapping tools, are enabling malicious actors to bypass know-your-customer (KYC) and remote verification processes, creating financial, operational and systemic risks for any institution that relies on digital trust. A new report by WEF’s Cybercrime Atlas, published…