Deepfakes are no longer a future threat. They are already being used to create convincing identities, bypass onboarding controls, and enable fraud at scale. Drawing on real-world investigations, this session will explore how criminals are using AI-generated documents, faces, voices, and video, why traditional controls are becoming easier to circumvent, and how financial institutions need to respond. The session will also look ahead at what this means for authentication, real-time decisioning, and the ability to connect behavior, devices, identities, and relationships to identify sophisticated fraud attacks earlier.