Facephi Leverages AI to Combat Scams

Digital Identity Fraud Challenges

During the Fraud Prevention Month 2026, Facephi, a member of the Digital ID & Authentication Council of Canada (DIACC), addresses the challenges of digital identity fraud. According to the Canadian Anti-Fraud Centre (CAFC), Canadians reported losses exceeding 704 million dollars related to fraud in 2025, a figure that represents only 5 to 10 percent of actual incidents. Since 2022, reported losses have surpassed 2.4 billion dollars. Identity fraud remains the most reported type of fraud, with 8,403 cases recorded last year.

Three-Tiered AI-Based Approach to Identity Security

Facephi offers a three-tiered approach based on AI for identity security: passive liveness detection with iBeta-certified facial biometrics distinguishes in milliseconds whether an image is real or AI-generated; analysis of over 3,000 digital signals, including typing speed, clicks, and behaviors, to build a unique 'cyber DNA' profile that detects impersonation attempts; detection of money mule accounts before any suspicious activity. Facephi's solutions are developed in accordance with the Pan-Canadian Trust Framework, the Personal Information Protection and Electronic Documents Act (PIPEDA), and FINTRAC requirements. The company holds ISO 27001 and SOC 2 Type 2 certifications.