identity verification

Fighting AI-powered synthetic ID fraud with AI

Fighting AI-powered synthetic ID fraud with AI 2024-07-18 at 07:31 By Help Net Security Aided by the emergence of generative artificial intelligence models, synthetic identity fraud has skyrocketed, and now accounts for a staggering 85% of all identity fraud cases. For security professionals, the challenge lies in staying one step ahead of these evolving threats. […]

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The biggest downsides of digital ID adoption

The biggest downsides of digital ID adoption 2024-06-14 at 07:01 By Help Net Security As innovative digital verification methods continue to emerge, the debate around their reliability and effectiveness is heating up, according to Regula. Companies employ various methods for identity verification Despite digital advances, many organizations worldwide still depend on physical documents for verification.

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How businesses can integrate token technology into existing payment systems

How businesses can integrate token technology into existing payment systems 2024-06-13 at 07:02 By Mirko Zorz In this Help Net Security interview, Mark Nelsen, SVP and Global Head of Consumer Product at Visa, discusses the integration of token technology into existing payment systems. How do businesses integrate tokenization into their existing payment systems, and what

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Consumers continue to overestimate their ability to spot deepfakes

Consumers continue to overestimate their ability to spot deepfakes 2024-05-20 at 06:31 By Help Net Security The Jumio 2024 Online Identity Study reveals significant consumer concerns about the risks posed by generative AI and deepfakes, including the potential for increased cybercrime and identity fraud. The study examined the views of more than 8,000 adult consumers,

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Selfie spoofing becomes popular identity document fraud technique

Selfie spoofing becomes popular identity document fraud technique 2024-05-10 at 06:31 By Help Net Security Document image-of-image was the most prevalent identity (ID) document fraud technique in 2023, occurring in 63% of all IDs that were rejected, according to Socure. Selfie spoofing and impersonations dominate document-related identity fraud Document image-of-image occurs when the user takes

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What the ID of tomorrow may look like

What the ID of tomorrow may look like 2024-04-02 at 08:01 By Help Net Security Few joys remain untouched by the necessity of identity verification. With its ubiquitous presence, the call for heightened security, improved accessibility, and seamless authentication resonates loudly for businesses and individuals alike. In response, a tool, or perhaps a reinvented vision

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Wire fraud scams escalate in real estate deals

Wire fraud scams escalate in real estate deals 2024-02-22 at 07:01 By Help Net Security In this Help Net Security video, Tyler Adams, CEO at CertifID, illustrates how the real estate sector needs to invest significant effort in educating consumers and implementing protective measures to safeguard real estate transactions. Recent CertifID research found that median

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Cybercriminals get productivity boost with AI

Cybercriminals get productivity boost with AI 2024-02-14 at 06:31 By Help Net Security While AI technology has the potential to streamline and automate processes for beneficial outcomes, it also comes with an equal number of risks to data protection, cybersecurity, and other ethical concerns, according to iProov. Digital ecosystems continue to grow and multiply at

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Digital nomads amplify identity fraud risks

Digital nomads amplify identity fraud risks 2024-01-19 at 06:31 By Help Net Security The number of foreign document verification cases in all parts of the world has grown by an average of 21% since the summer of 2021, according to Regula. It’s even higher in the US and UAE: these countries are experiencing a 25%

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Verification roadblocks cause frustration for digital nomads

Verification roadblocks cause frustration for digital nomads 2023-12-26 at 06:36 By Help Net Security Digital nomads are expressing the most frustration when interacting with organizations offering services in the United States, according to Regula. This revelation comes as a surprise, given that the United States was the most frequented destination for the digital nomad community

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Digital ops and ops management security predictions for 2024

Digital ops and ops management security predictions for 2024 14/12/2023 at 08:32 By Help Net Security CISOs don’t need a crystal ball – they already know that 2024 will be another tough year, especially with AI at everyone’s mind. Instead of playing catch-up regarding the security of emerging tech like generative AI, organizations will prioritize

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AI strengthens banking’s defense against fraud

AI strengthens banking’s defense against fraud 27/10/2023 at 06:32 By Help Net Security Consumers are ready for the next wave of payment technology, including deployment of AI-driven biometrics to verify identity in digital-first account opening processes, according to Entrust. The key to future payment solutions 63% of respondents indicated that they are comfortable with AI

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Generative AI merges with intelligent malware, threat level rises

Generative AI merges with intelligent malware, threat level rises 18/10/2023 at 06:00 By Help Net Security There has been a 44% increase in organized ID fraud in North America compared to preceding quarters, according to AU10TIX. This upsurge is believed to be driven by the ongoing economic recovery and inflationary pressures, particularly in the US

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The misconceptions preventing wider adoption of digital signatures

The misconceptions preventing wider adoption of digital signatures 05/09/2023 at 07:33 By Mirko Zorz In this Help Net Security interview, Thorsten Hau, CEO at fidentity, discusses the legal validity of qualified digital signatures, demonstrating their equivalence to handwritten signatures when backed by robust identity verification. Opting for certified providers that adhere to standards like eIDAS

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Shaping the future of digital identity

Shaping the future of digital identity 24/07/2023 at 06:35 By Help Net Security Digital identity refers to the unique and electronically stored representation of an individual or entity’s personal information, characteristics, and attributes. It encompasses various digital identifiers, such as usernames, email addresses, biometric data, or government-issued IDs, that allow users to authenticate themselves online

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Beyond MFA: 3 steps to improve security and reduce customer authentication friction

Beyond MFA: 3 steps to improve security and reduce customer authentication friction 14/06/2023 at 07:42 By Help Net Security For many people, life’s fundamental activities are now conducted online. We do our banking and shopping online, turn to the digital realm for entertainment and to access medical records, and pursue our romantic interests via dating

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A new wave of sophisticated digital fraud hits Europe

A new wave of sophisticated digital fraud hits Europe 05/06/2023 at 06:32 By Help Net Security Forced verification and deepfake cases multiply at alarming rates in the UK and continental Europe, according to Sumsub. In Germany alone, forced verification grew by 1500% as a proportion of all fraud cases, from 0.3% in the full year

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Digital nomads drive changes in identity verification

Digital nomads drive changes in identity verification 29/05/2023 at 06:34 By Help Net Security Over the past year, 4 in 5 financial companies had experienced an increase in the number of verification cases involving foreign documents, according to Regula. The post Digital nomads drive changes in identity verification appeared first on Help Net Security. This

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How generative AI is reshaping the identity verification landscape

How generative AI is reshaping the identity verification landscape 22/05/2023 at 07:32 By Help Net Security The identity verification market is experiencing a significant surge in growth. In recent years, many solutions have emerged to assist businesses in establishing trust and facilitating remote user onboarding. This demand arises from the alarming rise in identity fraud,

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