AI is industrializing identity theft, with agents and deepfake IDs opening credit in victims' names
Ourtake
Experian says 40 percent of the breaches it handled last year involved AI. Credit freezes and multi-factor authentication remain the standard defenses.
What happened
A Bloomberg investigation reports that fraudsters are using generative AI and autonomous agents to scale identity theft in the US. Cases include a Bloomberg reporter whose identity was used for 13 college applications and financial aid requests, and deepfake driver's licenses used to pass ID checks on credit lines. Experian says 40 percent of the data breaches it handled last year involved AI.