Identity verification stories
Identity fraud costs businesses USD $7 million yearly worldwide, with Asia Pacific firms facing rising threats from sophisticated attacks, a new study finds.
As Identity Management Day approaches on 8 April, experts highlight the urgent need for robust digital identity security amid rising threats and technological change.
Carol Chris, General Manager of GBG APAC, emphasises innovation in fraud prevention amid rising data breaches, as demand for compliance solutions grows.
Okta has announced it has achieved USD $1 billion in sales via AWS Marketplace over four years, marking a significant milestone in their cloud identity collaboration.
LexisNexis Risk Solutions has acquired IDVerse, enhancing its AI-powered risk and fraud solutions to bolster identity verification and onboarding processes.
Research from iProov reveals a staggering 99.9% of consumers struggle to recognise deepfakes, raising alarms over identity fraud and misinformation.
Prenetics has teamed up with Humanity Protocol to launch a blockchain-based identity verification service via its CircleDNA platform, enhancing secure digital interactions.
Kapwork has launched its innovative Kapwork Verify platform to automate invoice factoring, claiming a potential 20% cut in operational costs for businesses.
Sinch has joined forces with Aduna to enhance global access to mobile network capabilities, driving innovation in digital communications and security.
Encompass has unveiled its EC360 platform to revolutionise corporate client verification in banking, addressing outdated processes amid rising competition.
Credas Technologies in Cardiff has seen a remarkable 40% surge in its customer base, surpassing financial targets by 60% as it prepares for international growth.
Pairs dating app launches in South Korea with AI-driven matching, aiming to connect singles seeking serious, value-based relationships and marriage.
A recent report reveals that 61% of Australian businesses face rising fraud incidents, prompting a shift to AI-driven security solutions to combat these threats.
Melbourne's ShareRing has joined an AUD $6.5 million government trial to improve age verification for under-16s on social media, using innovative digital ID technology.
ConnectID has partnered with Caresquare to enhance identity verification in the NDIS, tackling fraud that costs AUD $2 billion annually.
Credas Technologies and IDGO have unveiled a partnership to enhance ID accessibility for millions in the UK, addressing urgent identification challenges.
Endowus has teamed up with Twilio to enhance security on its digital wealth platform, addressing a surge in fraud cases with advanced verification measures.
IDnow has secured a strategic majority investment from Corsair Capital, enhancing its position in the European identity verification market and fuelling global expansion.
Recent experiments highlight the urgent need for diverse perspectives in AI and security, as biased training data leads to significant blind spots and vulnerabilities.
A survey by Sumsub reveals that deepfakes pose a significant threat on UK dating apps, with 75% of users suspecting AI manipulation.