ID.me

ID.me Valued at $1.8 Billion Following Tender Offer
ID.me Valued at $1.8 Billion Following Tender Offer
November 25, 2024  |  Identity

ID.me has reportedly been valued at $1.8 billion following a tender offer. That’s up from $1.73 billion two years ago, Bloomberg News reported Monday (Nov. 25), citing a...

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ID.me Seeks $1.8 Valuation As ID Theft Threat Grows
ID.me Seeks $1.8 Valuation As ID Theft Threat Grows
October 09, 2024  |  Authentication

ID.me is reportedly aiming for a $1.8 billion valuation in a share sale. As Bloomberg News reported Tuesday (Oct. 8), sources close to the matter...

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Congressional Committees Say ID.me Provided Inaccurate Info About Fraud
Congressional Committees Say ID.me Provided Inaccurate Info About Fraud
November 17, 2022  |  Biometrics

While apparently attempting to promote the need for its identity verification services, facial recognition company ID.me overstated the amount of fraud around pandemic-related federal funds...

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Oregon Sen. Wyden Urges FTC to Investigate ID.me for Facial Recognition Deception
Oregon Sen. Wyden Urges FTC to Investigate ID.me for Facial Recognition Deception
May 18, 2022  |  Identity

U.S. Sen. Ron Wyden, D-Ore., on Wednesday (May 18) wants the Federal Trade Commission (FTC) to investigate whether identity verification services provider ID.me, which is...

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ID.me Adds Humans to Its Automated Verification Services
ID.me Adds Humans to Its Automated Verification Services
February 24, 2022  |  Security & Fraud

Online verification service ID.me, which counts the IRS among its clients and recently endured criticism over certain practices, Thursday (Feb. 24) announced a decidedly low-tech...

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Advisor: California Should Pause and Consider Its Use of ID.me
Advisor: California Should Pause and Consider Its Use of ID.me
February 16, 2022  |  Identity

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...

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Biometrics Firm Drops Facial Scan Proviso From ID Verification Software
Biometrics Firm Drops Facial Scan Proviso From ID Verification Software
February 09, 2022  |  Biometrics

Biometrics firm ID.me is dropping the facial recognition component of its identity verification software used by a host of states and federal agencies. As The...

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Facial Recognition Soon Required for IRS Website Users
Facial Recognition Soon Required for IRS Website Users
January 28, 2022  |  Biometrics

Starting this summer, the IRS is requiring users of its online tools to verify their identity by registering with its biometrics partner ID.me, which requires...

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US Jobless Claim Fraud A Boon To Identification Companies
US Jobless Claim Fraud A Boon To Identification Companies
July 22, 2021  |  Security & Fraud

Unemployment fraud is on the rise, according to Reuters, and it’s drawn a critical eye to ID.me, which works in the business of verifying identities....

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