Independent Bank says AI tools and deepfakes are driving more fraud attempts

Filed 2026-03-06Published here 2026-10-29Period 2025-12-31

The financial services industry is also experiencing a rapid increase in the frequency and sophistication of fraudulent attacks, driven by the proliferation of AI-powered tools, deepfake technology, and organized, transnational crime rings.

From Item 1A, Risk Factors, Independent Bank Corp., Form 10-K, filed 2026-03-06. Read the filing on sec.gov

6 other companies in this log have a RISK FACTOR entry filed in the 90 days to 2026-03-06.

2026-03-04 TriplePoint Venture Growth BDC Corp., 10-K
2026-03-02 Eastern Bankshares, Inc., 10-K
2026-03-02 Santander Holdings USA, Inc., 10-K
2026-02-27 Seacoast Banking Corp. of Florida, 10-K
2026-02-26 UMB Financial Corp., 10-K
2026-02-06 BILL Holdings, Inc., 10-Q

The quotation is copied verbatim from the filing; an ellipsis marks words left out. The headline says only what the quoted passage says. How entries are found and checked. Corrections: desk@cfonews.ai.

The filing

Company (EDGAR): INDEPENDENT BANK CORP /MI/ (IBCP)
CIK: 39311
Form: 10-K
Filed: 2026-03-06
Accession: 0000039311-26-000009
Document: sec.gov
Filing index: sec.gov

Background

Other risk factor entries

2026-10-21RISK FACTOR
Winnebago says unreliable AI outputs could affect forecasting and financial reporting
sec.gov 10-K, Item 1A, Risk Factors, filed 2026-10-21
2026-09-10RISK FACTOR
IBEX names AI-enabled social engineering among routes to fraudulent payments
sec.gov 10-K, Item 1A, Risk Factors, filed 2026-09-10
2026-08-31RISK FACTOR
Super Micro Computer says AI output errors could reach its financial reporting
sec.gov 10-K, Item 1A, Risk Factors, filed 2026-08-31
2026-08-13RISK FACTOR
Cabaletta Bio warns of deepfakes impersonating executives, banks and vendors
sec.gov 10-Q, Item 1A, Risk Factors, filed 2026-08-13