Dating app Tinder will soon make identity verification available, according to a company press release. The product will begin as voluntary except in areas where otherwise mandated by law, the release stated. Based on input the company receives, it will then evolve to make sure...
The incentives for colleges and universities to keep sensitive student data secure are many. Violations of the federal Family Educational Rights and Privacy Act (FERPA) include fines of up to $1.5 million, possible losses of federal funding and damage to reputation. The shift to eLearning has put...
The Next Wave: The Business Adoption Of Digital Fraud Solutions explores the key drivers of and perceived benefits and obstacles to implementing digital identification and verification technologies. The report analyzes a survey of 307 auto dealers, banks, credit unions and alternative or peer-to-peer lenders and...
Decentralized finance — DeFi for short — is taking its place among the buzzwords of 2021, where excitement (and depending on where you look, perhaps hype) comes in tandem with true tech-driven potential to disrupt the financial services status quo. Max Carnecchia, CEO of Mitek,...
“The link between the digital world and the physical world is going to be forged through biometrics.” That’s the assessment of IDEMIA Digital ID Partnership and Innovation Director Gregory Kuhlmey, who said biometrics will serve as the foundation to digital identities and thus to digital...
As hackers are becoming more prolific with cyberattacks on digital accounts, biometric authentication technologies such as fingerprint, voice and facial recognition have grown favorable for customer identification and verification. Not just banks, but businesses of all kinds are bolstering security and privacy protection to gain...
PYMNTS June 2021 report, The Next Wave: Business Adoption Of Digital Identity Protection, an Equifax collaboration, opens on a sobering statistic: 36 billion records were breached on social media sites alone last year. It’s a searchlight glimpse into how fraud always attends growth. Surveying over...
The increased use of digital services within the past year has come with an increased risk of security issues. Cybercrime is worsening as hackers plan attacks on a massive scale to steal usernames and passwords, with 36 billion records on social sites breached in 2020...
Digital identity verification company Mitek announced Tuesday (June 1) it has acquired ID R&D, an artificial intelligence (AI)-based voice and face biometrics and liveness detection firm, a move it says will help curtail the growing threat of identity fraud. As part of the deal, ID R&D...
