IDScan.net, a provider of identity verification models, has posted a notification of data security incident on its website. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
The FBI is investigating a possible breach that may have exposed scans of millions of American drivers’ licenses, according to Bloomberg News. A bureau spokesperson confirmed the investigation on Thursday. The news lands as identity verification companies face growing pressure to protect the documents they...
There’s a potentially massive driver’s license breach now under FBI investigation. The most consequential impact of the breach isn’t simply its size. It’s what may have been stolen. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
As fraudsters leverage sophisticated tactics, including artificial intelligence (AI)-powered identity manipulation, the FinTech sector finds itself in the crosshairs of an escalating battle against financial crime. This threat landscape is the central focus of the latest edition of the Identity Verification Series, a collaborative report...
Plaid has launched a collaborative network designed to stop “the chain reaction of identity fraud.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
While many corporations need to contend with identity fraud, a new version of this problem has arisen recently: synthetic identity fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Following a consensus from a panel of industry fraud experts, the Federal Reserve is introducing a uniform definition of what constitutes synthetic identity fraud (SIF). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Fraudsters are preying on children, pilfering Social Security numbers and other data to commit identity theft, run up charges and ruin credit. Zac Cohen, general manager of Trulioo, tells Karen Webster that education and technology (along with a global digital ID network) can shield the...
Facial recognition technology helped U.S. border agents catch a traveler posing as a French citizen — and did so on the third day that authorities were using the biometric authentication system, officials said this week. Get the Full Story Complete the form to unlock this article...