Staying one step ahead of the bad guys is becoming more difficult by the day for financial services companies. For example, identity verification is a double-edged sword. While necessary for security, it can also create friction in customer experiences. But as identity fraud continues to...
As the company that laid claim to the concept of “digital identity” more than 10 years ago, Prove Identity takes verification seriously, even when it’s not. Case in point: As CEO Rodger Desai told Karen Webster in an interview, at Prove, there’s a running joke...
As identity fraud continues to plague business verticals from banking to automotive and even higher education, verification company Intellicheck posted record Q1 earnings Monday (May 13). “The landscape of the market for identity verification is evolving against the backdrop of a growing sense of urgency...
The internet has been both a blessing and a curse to society and commerce alike. And with the news Wednesday (May 8) that a criminal network of over 75,000 fake eCommerce shops has scammed over 800,000 shoppers in the U.S. and Europe, embracing digital innovation 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 […]
May 21, 2024
Staying one step ahead of the bad guys is becoming more difficult by the day for financial services companies. For example, identity verification is a double-edged sword. While necessary for...
May 15, 2024
As the company that laid claim to the concept of “digital identity” more than 10 years ago, Prove Identity takes verification seriously, even when it’s not. Case in point: As...
May 09, 2024
The internet has been both a blessing and a curse to society and commerce alike. And with the news Wednesday (May 8) that a criminal network of over 75,000 fake eCommerce...
April 15, 2024
Federal authorities are warning banks against the rising threat of passport card fraud. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Department of State’s Diplomatic Security Service (DSS) issued a notice to financial institutions Monday (April 15), urging them to be on the lookout for suspicious activity related to the use of counterfeit passport cards. “Since […]
February 02, 2024
Three individuals have been indicted for their involvement in an identity theft conspiracy, which reportedly included a $400 million hack of cryptocurrency exchange FTX. The hack took place in November...
August 22, 2023
Deepfake technology, powered by artificial intelligence (AI), is reportedly becoming a favored tool for criminals engaged in imposter scams, posing a significant threat to individuals and the banking industry. This...
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...