The $15.6 Billion Deepfake Crisis: What The Prism Report Reveals

We’re excited to have had the opportunity to contribute to the Prism Project's Deepfake and Synthetic Identity Report (2025).

As we continue to face new AI-driven challenges, this report sheds light on the growing risks of identity fraud, and we’re proud to share our insights on how biometric security can help protect against these evolving threats.

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Audio deepfakes. Synthetic identities. AI-powered fraud. They're not coming—they're here, costing billions and destroying digital trust.

As contributors to The Prism Project's groundbreaking 2025 report, Corsound AI helped analyze how deepfakes are weaponizing every digital channel and why traditional defenses are failing.

The Damage:

• $15.6 billion lost to audio deepfakes in 2024
• 20% of all credit losses from synthetic identities
• 70% cart abandonment when security friction increases
• $3.2 billion in bank regulatory fines

The Solution:

The report reveals how biometric digital identity with advanced liveness detection can stop AI fraud without destroying user experience. It's not just about technology—it's about building an entirely new trust infrastructure.

Why Read the Full Report?

• 8 critical vulnerabilities your organization faces RIGHT NOW
• Proven defense strategies from industry leaders
• Technical implementation roadmaps
• Regulatory compliance guidance