IAM
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.
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.
Turing researchers tackle over-reliance on blind trust in digital ID’s
The Alan Turing Institute is pleased to announce the publication of Facets of Trustworthiness in Digital Identity Systems, a Technical Briefing from the Trustworthy Digital Infrastructure for Identity Systems project. The publication introduces a new framework to be developed as a resource for and in consultation with governments, humanitarian organisations and industry stakeholders that are advancing digital identity systems.
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.
Identity verification outfit Jumio secures $150 million investment
Source: Jumio
Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it secured a $150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies.
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.
Fed releases toolkit to help banks combat synthetic identity fraud
US banks racked up $20 billion in losses to synthetic identity fraudsters in 2020, according to new data from the Federal Reserve.
Equifax acquires ID trust network Kount
Equifax is to acquire digital fraud prevention network Kount for $640 million.
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.
Cloud security solution provider ThycoticCentrify enhances devops offering
Source: ThycoticCentrify
ThycoticCentrify, a leading provider of cloud identity security solutions formed by the merger of privileged access management (PAM) leaders Thycotic and Centrify, today announced enhancements to its PAM solution for DevOps, Thycotic DevOps Secrets Vault. The latest version offers certificate-based authentication and the ability to configure Time-to-Live (TTL) for secrets, leading to even tighter DevOps security and easier management.
Covid-19 delays Strong Customer Authentication in travel with 66% of firms not ready for deadline
Source: Amadeus
The way online payments are made in Europe will enter a new era from 31st December 2020 as the Strong Customer Authentication (SCA) requirements of the Payments Services Directive II come into force.