Travis McGregor in Security Today: AI Deepfakes Force Fintech Identity Models Toward Cryptographic Proof

SLC Digital CEO Travis McGregor was featured in Security Today in an article exploring how AI-driven impersonation and autonomous AI agents are forcing financial institutions to rethink the foundations of digital trust.

In the piece, McGregor argues that traditional identity systems were designed to infer trust through risk scoring and behavioural biometrics — not to prove it. With consumers losing $27.3 billion to identity fraud in 2025, and deepfakes capable of replicating voices and behaviours at scale, high-confidence authentication is no longer sufficient for high-impact actions.

The article makes the case for a fundamental architectural shift: from probabilistic authentication ("Is this likely the right user?") to deterministic, cryptographic proof of authorisation ("Has this specific person or authorised AI agent explicitly approved this specific action?").

McGregor positions the eSIM — already embedded in billions of mobile devices, carrier-verified at issuance, and cryptographically isolated from the host operating system — as the most accessible foundation for hardware-rooted trust. By tying authentication to secure hardware rather than messages or apps, entire categories of attack — account takeover, SIM-swapping, advanced phishing — become significantly more difficult to execute.

Read the full article on Security Today →