Identity fraud is one of the most well-known forms of cybercrime, with 15 million Americans experiencing it each year. Still, there is an even more challenging variety to combat, known as synthetic identity fraud. This involves hackers creating new identities rather than impersonating others, although...
Username and password combinations remain the authentication method most commonly used by consumers to access digital financial services accounts. In fact, 64% of consumers still use username and password combinations to access their digital financial services accounts at least once a month, according to “The...
Yahoo debuted its Next-Gen Solutions program, an advanced contextual targeted solution to address omnichannel targeting and buying and look towards “the future of identity,” a press release says. This will address nonaddressable inventory in the Yahoo DSP, and will combine with Yahoo’s cookieless identity solution,...
California should pause and carefully consider its contract with identity-verification firm ID.me in the wake of privacy concerns about the company’s software, a non-partisan state advisor has recommended. In a report issued to Governor Gavin Newsom’s office Tuesday (Feb. 15), the California Legislative Analyst’s Office...
Neuro-ID, which works in behavioral analytics, debuted its ID Crowd Alert and ID Orchestrator products on Wednesday (Feb. 16), which it says will help with identity screening. According to a press release emailed to PYMNTS, this will help with optimizing orchestration and will bolster fraud...
You would think that decades into life lived online, we would have figured out an easier, more accurate way to authenticate someone. For brands — pick a vertical, any vertical — one of the most aspirational goals is getting as many individuals signed up to...
In Jordan’s Zaatari refugee camp, the UN’s World Food Programme (WFP) has been using blockchain-based digital ID documents since 2017, providing Syrians who can’t return to their country with regular cash payments. Using tokenized ID documents and retina-scanning technology, the camp’s residents can buy things...
Texas attorney general Ken Paxton on Monday (Feb. 14) filed a lawsuit against Facebook parent company Meta Platforms, saying the company’s now-discontinued use of facial recognition technology violated state privacy laws regarding personal biometric data, The Wall Street Journal reported. Paxton filed the lawsuit in...
After more than a year delay, stricter know your customer (KYC) eCommerce rules are set to take effect in the United Kingdom March 14. The Financial Conduct Authority (FCA), the U.K.’s financial regulatory body, proposed the strong customer authentication (SCA) measures in 2019. They were...