ID fraud

The $400 Million Problem: Intellicheck CEO Details the Cost of Fake IDs
The $400 Million Problem: Intellicheck CEO Details the Cost of Fake IDs
June 26, 2024  |  Security & Fraud

Bryan Lewis, CEO of Intellicheck, has a stark take on just how severe the damage a fraudster can inflict with a few bits of information....

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Synthetic Fraud Rises at ‘Alarming’ Rate as AI Evolves
Synthetic Fraud Rises at ‘Alarming’ Rate as AI Evolves
June 28, 2023  |  Security & Fraud

Can one stolen ID, augmented with artificial intelligence, yield $2 million in pilfered government benefits? It’s a scenario Haywood Talcove, chief executive of LexisNexis Risk...

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Socure Acquires Berbix to Bulk Up ID Verification Toolbox
Socure Acquires Berbix to Bulk Up ID Verification Toolbox
June 27, 2023  |  Identity

Digital identity provider Socure has paid $70 million to buy document verification startup Berbix. The cash and stock transaction, announced Tuesday (June 27), allows Socure to integrate Berbix’s technology...

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Plaid Launches Anti-Fraud Network
Plaid Launches Anti-Fraud Network
June 22, 2023  |  Identity theft

Plaid has launched a collaborative network designed to stop “the chain reaction of identity fraud.” The new Plaid Beacon network is open to FinTechs, financial institutions of all...

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Security, Seamless Payments Tradeoff Drives Demand for KYB
Security, Seamless Payments Tradeoff Drives Demand for KYB
May 13, 2022  |  Security & Fraud

With more work being done and services being provided via the cloud, identity has become increasingly important.  For one thing, organizations must enable customers to...

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Synthetic Identities, Tailor-Made For Fraud
Synthetic Identities, Tailor-Made For Fraud
September 28, 2017  |  Security & Fraud

Familiarity doesn’t breed contempt in payments security; it builds breaches — the kind that linger and cost billions of dollars in losses tied to fraud. The synthetic ID may be fraudsters’...

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Cutting Through The ID Fraud Fight
Cutting Through The ID Fraud Fight
March 27, 2017  |  Security & Fraud

More transactions are being done online, and through mobile devices. At the same time, fraudsters are stepping up their efforts to target mobile and digital devices...

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