Neovera, a leading cybersecurity and cloud services advisor, has introduced a new Fraud Red Team service, bringing continuous and highly advanced AI fraud testing capabilities to financial institutions and regulated industries. This offering is designed to help organizations proactively defend against the surge of AI-driven fraud by simulating attacks across multiple channels with unmatched depth and scale.

The new program leverages hundreds of synthetic voice models, forged identity documents, manipulated formats, and AI-powered agents capable of mimicking human interactions—allowing banks and enterprises to spot weaknesses before attackers exploit them.

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Moving Beyond Traditional Fraud Testing

With AI turning fraud into a fully automated operation, legacy testing methods are falling short. Neovera’s Fraud Red Team extends adversarial testing—similar to penetration testing in cybersecurity—specifically targeting fraud risks across the entire customer journey. By deploying the industry’s most extensive set of AI tools for voice, documents, behavior, and automation, the platform replicates real-world scenarios in order to expose vulnerabilities under authentic conditions.

“Fraud has shifted from chance-based schemes to scalable systems powered by AI,” said Jerry Tylman, Senior Vice President of Neovera’s Fraud Red Team. “Our approach allows financial institutions to counter this evolution with equal sophistication. We’re not just validating controls—we’re stress-testing the future of fraud defense.”

Realistic Threat Simulation in Live Environments

The Fraud Red Team integrates technologies such as voice cloning, deepfake manipulation, synthetic IDs, and automated bots to replicate modern fraud tactics. Unlike conventional testing, these orchestrated simulations can run directly in live production environments, giving institutions insight into how their defenses hold up under real-world pressures.

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Six Core Domains of Fraud Testing

The program evaluates fraud resilience across six critical areas:

  • Face – Deepfake selfies and morphing attacks designed to bypass onboarding and authentication steps.
  • Voice – AI-generated voice clones targeting call centers, IVR systems, and biometric voiceprint defenses.
  • Documents – Forged or altered government IDs and records challenging KYC and onboarding safeguards.
  • Checks – AI-generated counterfeit checks used to bypass deposit and clearing processes.
  • Behavior – Sophisticated AI agents imitating trusted user patterns to bypass biometrics, velocity rules, and execute credential stuffing or hijacking attacks.
  • Deception – AI-driven phishing, impersonation, and fraudulent websites crafted to steal credentials and compromise multi-channel defenses.

Growing Global Adoption

Neovera already works with over 20 of the world’s top 100 financial institutions, spanning major banks in the U.S., U.K., Canada, and Mexico. Its services are also gaining traction among regional banks, credit unions, and other heavily regulated organizations that face mounting fraud risks.

By blending advanced AI tools with continuous testing strategies, Neovera is equipping financial institutions with the ability to defend against increasingly automated and scalable fraud threats.

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