The New Face Of Fraud: How Deepfakes Are Targeting Small Businesses

by Ken Griggs — Founder of Julia.social & Creator of not.bot
There’s a good chance you’ve laughed at a deepfake or two. But trust me, the ability to fake someone’s face or voice using AI is no laughing matter. Deepfake technology is getting more real and more dangerous, and small businesses like yours are the new targets.
A recent study revealed that 62% of organizations reported some form of AI-driven attack within the past year. Small businesses account for an increasing share of deepfake incidents. Unlike large corporations with dedicated cybersecurity teams and advanced detection tools, small enterprises often lack the resources needed to identify and counteract sophisticated digital impersonations.
Deepfake attacks on your small business can take many forms. Imagine a video that mimics you authorizing a fraudulent wire transfer. Picture a fake customer service announcement intended to damage your brand reputation. Consider the implications of an audio message designed to dupe your employees into revealing sensitive information. These false clips can quickly cause real damage, and they’re growing more convincing by the day.
When seeing is no longer believing, we need digital identity verification
A striking example of this challenge emerged recently when CNN’s Dr. Sanjay Gupta addressed a deepfake video circulating on social media that showed him announcing a groundbreaking Alzheimer’s research discovery. The problem is that this never actually happened.
Viewers trusted the clip, and Dr. Gupta was compelled to spend valuable airtime debunking it. His message? Authentic communication often has a certain tone, phrasing, or context that fakes lack. However, discerning these requires familiarity with the person involved, and most people don’t know public figures well enough to spot those subtle differences.
Not only are deepfakes becoming nearly indistinguishable from reality, but they also threaten to undermine genuine content. What happens when the message in your authentic video is broadly dismissed as a deepfake? It’s becoming almost impossible to separate fact from fiction on digital platforms.
Without digital identity verification, small businesses are the silent victims
Big celebrities get the news spotlight and can set the record straight when a fake video damages their reputation. But what about small businesses? You don’t have the same platform to defend against deepfake attacks. Without the ability to respond, your reputation and your livelihood can suffer.
Policies aimed at moderating fake content often fall short. Perpetrators simply create new identities and resume attacks. As a small business, you need more than reactive content moderation. You need proactive measures to authenticate and verify your digital communications.
Exploring the digital identity solution
One way to fight back is by having a secure digital identity. Think of it like a special online signature that proves any message, video, or email really came from you. Governments around the world, including the United States, are starting to create digital ID systems.
Ironically, most of these systems require people to scan their government-issued IDs while taking a selfie video. The catch? Doing that uploads detailed images and videos of you, which provide bad actors with all the raw material they need to create highly convincing deepfakes.
It’s a catch-22. You need to prove your identity to be safe, but proving it the wrong way makes you less safe.
How blockchain and cryptography make digital identity secure
Fortunately, technology already exists that will verify your identity without requiring you to share invasive biometric or personal data, which is where blockchain and cryptography come into play.
Digital signatures work through a pair of cryptographic keys. There is a private secret key known only to the signer, and a public key that anyone can use to verify the signature’s authenticity. When a message or video is signed with a private key, others can use the corresponding public key to confirm it genuinely originated from that person.
The tricky part is ensuring people trust which public key belongs to you. Usually, a company or government acts as a middleman and manages the list of keys. The problem? That middleman can change things behind the scenes without telling you. The lack of transparency undermines trust.
Finally, blockchain technology enables that layer of trust. It offers a secure, unchangeable list spread across many places. Only you can change your public key, and everyone can trust that it represents your real identity.
For example, if Dr. Sanjay Gupta created a digital identity anchored on a blockchain, then anyone viewing videos signed with his cryptographic key could instantly verify their authenticity. This approach creates a verifiable chain of trust that is absolutely resistant to fraud and tampering.
Building trust with identity verification that protects privacy
For small business owners, using this kind of digital identity means you can connect with customers in a way they can trust — without sharing your photo or private info every time. This protects your privacy and reduces the chances of hackers stealing personal data.
On a side note, this type of privacy-first software also gives you the means to verify your customers’ digital identities without collecting and storing their personal data. Why is this important? It protects you from a world of liability.
Data breaches happen all the time. Even tech giants like Google have been hacked. There is no safe way to store highly sensitive user data. By verifying digital identity without stashing sensitive data, you’re protecting both your business and your customers.
What small businesses can do now to prevent fraud and authenticate digital IDs
The reality is that deepfake scams will only get more common and harder to spot. That makes strong ways of verifying identity online more important than ever.
We live in a world where a single fabricated video can ruin your reputation or cripple your operations. Just like antivirus software became essential, secure identity verification will soon be a basic part of doing business online.
The future of business is digital, and it’s up to us to stay one step ahead of the scammers and hackers. Start learning about digital signatures and blockchain identity solutions today. It’s time to reclaim trust, one verified signature at a time.

Ken Griggs is an Emmy Award–winning technologist, inventor, and entrepreneur with multiple patents in blockchain and cryptography applications. He is the Founder and CEO of Julia.social, a stealth-mode startup built on the Chia blockchain, and the creator of not.bot, a platform designed to authenticate real digital identities. With over two decades of experience leading innovations at Deloitte, Nexidia, and Chia, Griggs is a recognized leader in building technology solutions that prioritize privacy, trust, and transparency.














































