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.
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.
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.
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.
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.
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.
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.
