Close Navigation
If everything can be faked…

If everything can be faked…

Posted June 9, 2026 at 10:30 am

Alexander Gunz
Heptagon Capital

It is rare to meet a scientist with a background in philosophy. It is even rarer to encounter one who is working on a problem that is, in his own words, “constantly moving.” Your author recently sat down with Dr Andrew Newell, the Chief Scientific Officer of , someone who ticks both these boxes, for a wide-ranging conversation on the pertinent topics of artificial intelligence, cybersecurity and identity.

Begin from the premise, says Andrew (whom we last interviewed in Blog post #6 from Season 4), that “everything digital can ultimately be copied or replicated.” It is therefore critical to build trust, for “if you don’t have trust, then everything else is meaningless.” This is consistent with our long-standing fata deluge thesis which argues that data have no value unless stored, secured and analysed.

AI has “always been coming,” but recent advances have been “unexpected” in their pace, changing the rules of the game for organisations such as iProov that help protect governments, financial institutions and global enterprises against identity fraud, as well as malicious actors. Many readers may be familiar with deepfakes, but these represent just one form of identity compromise. Andrew was of the view that there are thousands of attack tools available to bad actors. When asked how many, the response was that, when combined in different ways, more than 100,000 different attack vectors might exist.

With a threat landscape as complicated as this, it would, however, be “wrong” to think that the battle is lost. Andrew was of the view that the job of a business such as iProov is to “fit defences to the attack landscape.” Don’t seek to build an “unbreakable system… just to stay ahead.” In practical terms, attackers only care whether they pass or fail in their attempts to compromise organisations. The mantra of iProov is to learn from each instance (and its data trail) and improve via “constant optimisation.” Sharing best practices with the rest of the industry allows everyone to benefit.

We have  that technology is an enabler and a force for positive change. Andrew was strongly of the view that the biggest risk to the identity security industry was “misinterpretation” – or that we were already past peak trust. Even if self-serving, the most important thing is to ensure the widespread deployment of “good” technology to governments and other institutions such as banks where trust matters most. The imperative is to “democratise technology” so that it does not become something for “the exclusive use of the few.” Such an outcome would be “terrible.” We concur.

Originally Posted June 8, 2026 – If everything can be faked…

The above is provided for information purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Any forward-looking statements are based on assumptions that may change. The views expressed are solely those of the author at the time of writing. This article should not be relied upon for investment decisions. Past performance does not predict future returns, the value of investments and income from them can fall as well as rise.

Join The Conversation

For specific platform feedback and suggestions, please submit it directly to our team using these instructions.

If you have an account-specific question or concern, please reach out to Client Services.

We encourage you to look through our FAQs before posting. Your question may already be covered!

Leave a Reply

Disclosure: Heptagon Capital

The document is provided for information purposes only and does not constitute investment advice or any recommendation to buy, or sell or otherwise transact in any investments. The document is not intended to be construed as investment research. The contents of this document are based upon sources of information which Heptagon Capital believes to be reliable. However, except to the extent required by applicable law or regulations, no guarantee, warranty or representation (express or implied) is given as to the accuracy or completeness of this document or its contents and, Heptagon Capital, its affiliate companies and its members, officers, employees, agents and advisors do not accept any liability or responsibility in respect of the information or any views expressed herein. Opinions expressed whether in general or in both on the performance of individual investments and in a wider economic context represent the views of the contributor at the time of preparation. Where this document provides forward-looking statements which are based on relevant reports, current opinions, expectations and projections, actual results could differ materially from those anticipated in such statements. All opinions and estimates included in the document are subject to change without notice and Heptagon Capital is under no obligation to update or revise information contained in the document. Furthermore, Heptagon Capital disclaims any liability for any loss, damage, costs or expenses (including direct, indirect, special and consequential) howsoever arising which any person may suffer or incur as a result of viewing or utilising any information included in this document.

The document is protected by copyright. The use of any trademarks and logos displayed in the document without Heptagon Capital’s prior written consent is strictly prohibited. Information in the document must not be published or redistributed without Heptagon Capital’s prior written consent.

Heptagon Capital LLP, 63 Brook Street, Mayfair, London W1K 4HS
tel +44 20 7070 1800
fax +44 20 7070 1881
email london@heptagon-capital.com

Partnership No: OC307355 Registered in England and Wales Authorised & Regulated by the Financial Conduct Authority

Disclosure: Interactive Brokers Third Party

Information posted on IBKR Campus that is provided by third-parties does NOT constitute a recommendation that you should contract for the services of that third party. Third-party participants who contribute to IBKR Campus are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from Heptagon Capital and is being posted with its permission. The views expressed in this material are solely those of the author and/or Heptagon Capital and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

IBKR Campus Newsletters

This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.