IAM
Non-Human Identities Surge in Enterprises, Sparking Security Alarms
Non-human identities (NHIs), such as API keys, service accounts, and OAuth tokens, are critical to modern enterprise networks, enabling secure and efficient interactions among countless applications and services. With the proliferation of cloud services, AI, and automation, NHIs now outnumber human identities by as much as 50-to-1 in some organizations.
Verizon 2025 DBIR Highlights Third-Party and Machine Identity Risks in Data Breaches
The Verizon 2025 Data Breach Investigations Report (DBIR) reveals that third-party exposure and machine credential abuse are driving some of the most severe data breaches.
Medibank Breach: Missed Alerts and Security Lapses Exposed Data of 9 Million
A report by Australia's Information Commissioner details how operational failures allowed hackers to breach Medibank, stealing data from 9 million people.
CFTC Calls for Action on Identity Challenges in the World of Decentralized Finance
The Commodity Futures Trading Commission (CFTC) is urging policymakers to address identity-related challenges within the realm of Decentralized Finance (DeFi) operations.
Socure launches AI assistant for global watchlist and screening
Source: Socure
Socure, the leading provider of artificial intelligence (AI) for digital identity verification, compliance, and fraud prevention, today announced the launch of the company’s first AI-powered assistant for its Global Watchlist Screening and Monitoring solution.
Sumsub upgrades fraud prevention solution
Source: Sumsub
Sumsub, a leading global full-cycle verification platform, commits to tackling the alarming surge of fraud networks in Asia-Pacific (APAC) by launching its upgraded Fraud Prevention Solution. In addition to fraud networks, the upgraded solution will also help businesses address other pertinent fraud issues such as account takeovers, chargeback fraud, bot attacks and more.
Rise in Identity Fraud Fueled by Generative AI and Intelligent Malware - AU10TIX
AU10TIX reports a substantial 44% surge in organized identity fraud in North America compared to previous quarters. This increase is thought to be propelled by the ongoing economic recovery and inflationary pressures, notably in the US market, emboldening professional identity fraud syndicates.
LexisNexis Risk Solutions to acquire IDVerse
Source: LexisNexis Risk Solutions
LexisNexis Risk Solutions, part of RELX, has entered into an agreement to acquire IDVerse, a provider of AI-powered automated document authentication and fraud detection solutions.
IDenfy unites with BlueMonks doe enhanced identity verification
Source: iDenfy
iDenfy, a Lithuania-based RegTech company best known for its identity verification solutions, has announced a new partnership with BlueMonks, a Dutch anti-financial crime boutique specializing in end-to-end compliance solutions.
Fluid Finance turns to Sumsub for ID verification
Source: Fluid Finance
Fluid Finance, a fintech company headquartered in Geneva, has partnered with Sumsub, a global all-in-one verification platform, to enhance user onboarding and ensure bulletproof fraud protection.
Snowflake Cyberattacks: Crisis Unfolds
Recent cyberattacks on Snowflake customers, attributed to infostealer malware, have impacted over 100 confirmed and 165 potentially exposed businesses, per Mandiant.
FinCEN Report: Identity Exploitation in US Transactions Tops $212 Billion in 2021
In 2021, the United States witnessed approximately 1.6 million Bank Secrecy Act (BSA) reports, amounting to $212 billion in suspicious activity, all linked to the exploitation of identity processes during various financial transactions.
TrustBuilder updates identity management product
Source: TrustBuilder
TrustBuilder announces version 11 of its Identity & Access Management (IAM) solution. In the new version the identity piece, in particular, has been further strengthened.Thoroughly verifying a user's identity is important in enhancing customer experience, in achieving zero trust, and in ensuring compliance through KYC obligations.