With the arrival of the EU Digital Identity Wallet, the users will be able to store and manage a lot of information and many relationships. This is of course very convenient for the users, but will also make this an attractive target for criminals. In the Nordics, we are already seeing a lot of attacks on users, tricking them into using their BankID, where the criminals will be able to transfer money. With AI, the attacks will be more sophisticated, and the use of deep-fakes to steal large amounts of money has already happened.
The presentation will show the danger of the AI attacks used to hack people, and how the existing technical protections (such as MFA) will not prevent these, as it is the users themselves doing the transactions. In addition, it will look at how we are currently doing fraud prevention in the financial industry, and why these mechanisms may be challenging with the wallet, due to restrictions in the eIDAS2 regulation.
