Are Artificial Intelligence (AI) trends putting you at risk?
AI-generated caricatures and profile images are everywhere right now. From social media feeds to trending apps. They’re fun, creative, and can make your online presence stand out. But before you jump on the trend, it’s important to consider the potential risks, especially from a banking and security perspective.
Your face is more than just a selfie
Biometric technology, like Face ID, is increasingly used to secure smartphones, banking apps, and other sensitive accounts. Unlike a password, your face is permanent so if your biometric data is ever compromised, you can’t simply change it.
When you upload clear photos of your face to AI apps, you may inadvertently be sharing highly detailed biometric information. Even if the platform promises privacy, there’s always a risk that data could be stored, misused, or exposed in a breach.
Why this matters for online banking
For many Australians, smartphones are the gateway to their money. Face ID or other facial recognition methods are convenient for accessing banking apps quickly, but they also make your face a key to your accounts. Sharing high-quality images of your face online could increase the risk of identity theft or fraud.
Data breaches can have serious consequences. Unlike passwords, biometric information can’t be “reset.” Once it’s out there, it’s out there.
How to stay safe while still enjoying trends
You don’t have to avoid AI altogether, just be cautious. Here are some tips to help you stay safe when using AI apps:
- Be selective about uploading images: avoid sharing front-facing selfies with unknown or untrusted AI apps.
- Check privacy policies: review how the platform stores, uses, and protects uploaded images.
- Use security settings: keep your device and banking apps updated and consider additional verification methods like multi-factor authentication.
- Think before you share: a fun trend today could become a security risk tomorrow.
Protect your identity like you protect your money
Trends come and go, but your identity is permanent. Taking a moment to think about how and where you share images of your face can help protect you from unnecessary risks. By being mindful, you can enjoy online creativity without compromising your personal security.
If you believe you may have been a victim or lost money to a scam, it’s important to notify your financial institution as soon as possible. Australian Mutual Bank members can speak to our Fraud Team by calling 13 61 91 (Monday to Friday 8:00am - 7:00pm, Saturday 8:30am - 11:30am, Sydney time) or by emailing info@australianmutual.bank.
