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 Solutions’ government division, laid out for the Financial Times (FT) Wednesday (June 28) in a report on how artificial intelligence...
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 and unveil its Predictive Document Verification (DocV) 3.0 solution. Based in San Francisco, Berbix offers a patent-pending forensics engine that...
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 sizes and Plaid-powered customers and allows them to share information about stolen identities and compromised accounts, Plaid Head of Identity Alain...
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 register and log in to their customer-facing applications in a frictionless way. They need to provide simple, seamless interactions while...
June 26, 2024
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. “People don’t realize how easy it is to steal your identity. If I can get your social media account or your email, I can change everything about your life,” he […]
September 28, 2017
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’ weapon of choice these days,...
March 27, 2017
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 as ways to steal identities....
June 28, 2023
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 Solutions’ government division, laid out for the Financial Times (FT) Wednesday (June 28) in a report on how artificial intelligence (AI) can exacerbate the problem of identity theft. “I am […]
June 27, 2023
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 and unveil its Predictive Document...
June 22, 2023
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 sizes and Plaid-powered customers and...
