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LATAM Synthetic Identity & Deepfake Fraud Trends Analysis

Overview

Synthetic identity fraud and deepfake-driven attacks have become one of the fastest-accelerating threats across Latin America. Regional identity fraud rates surged 137% in 2024, fueled by AI-generated deepfakes, document forgery, and biometric spoofing. Brazil, Argentina, and Colombia are now global epicenters of this shift, with fintechs and financial institutions facing the steepest losses. As generative AI tools become widely accessible, LATAM is entering a critical phase where forensic-grade detection is essential for maintaining trust, compliance, and secure onboarding.

Whitepaper result — deepfake detection accuracy benchmarks

Whitepaper result — false positive rate comparison

Whitepaper result — detection speed benchmarks

Why it matters

Why we made this white paper?

LATAM has rapidly become a fraud battleground. Deepfake-enabled impersonation and synthetic identity creation now operate at a scale that legacy verification systems cannot withstand. Despite this, many organizations still underestimate the speed of attack evolution. We created this report to expose verifiable regional data, explain why fraud growth in LATAM is outpacing global averages, and outline the detection capabilities institutions now require.

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Key Takeaways

828%

Surge in deepfake fraud incidents during 2023

Deepfake-driven identity fraud overwhelmed legacy detection systems relying on static liveness checks.

Upto 10%

Of onboarding attempts now involve deepfakes

Conventional systems verified deepfakes as legitimate, exposing
institutions to regulatory violations.

€450,000

Average cost per deepfake incident for financial firms

Losses span operational disruption, compliance fines, reputational damage, and customer trust erosion.

€40 bn.

In projected AI-enabled fraud losses by 2027

Deloitte forecasts deepfake fraud costs will increase threefold as attack sophistication accelerates.

Explore Key Findings

Deepfakes have evolved from entertainment tools into precision fraud weapons. This white paper reveals how attackers exploit identity verification gaps, and how leading organizations are closing them.

Synthetic identities bypass KYC using non-existent faces with stolen biometrics

Deepfake fraud increased tenfold between 2022–2023 globally

Legacy liveness detection fails against modern face swap attacks

Real-time generation enables live video impersonation during onboarding

Forensic-grade detection achieves 95–100% accuracy with zero disruption

Banks saved 3,000+ analyst hours annually while preventing €5M in losses

Every pixel counts

This white paper includes a banking case study demonstrating 90% fraud reduction, technical breakdowns of deepfake attack vectors, and DuckDuckGoose's explainable detection framework. Access forensic-level analysis, operational ROI benchmarks, and implementation strategies trusted by leading financial institutions

Deepfake detection whitepaper data visualization 3

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Deepfakes have evolved from entertainment tools into precision fraud weapons. This white paper reveals how attackers exploit IDV gaps, and how leading organizations are closing them.

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Adoption is global. Readiness is not. From the EU's deliberate approach to Latin America's urgency-driven innovation, regulatory trajectories differ dramatically while the threat remains universal.

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LATAM Synthetic Identity & Deepfake Fraud Trends Analysis

Why we made this white paper?

Key Takeaways

Explore Key Findings

Synthetic identities bypass KYC using non-existent faces with stolen biometrics

Deepfake fraud increased tenfold between 2022–2023 globally

Legacy liveness detection fails against modern face swap attacks

Real-time generation enables live video impersonation during onboarding

Forensic-grade detection achieves 95–100% accuracy with zero disruption

Banks saved 3,000+ analyst hours annually while preventing €5M in losses

Every pixel counts

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