Authentication/page/3 news and trends

Digital ID Startup Humanity Protocol Valued at $1 Billion
Digital Identity // May 15, 2024

Decentralized identity startup Humanity Protocol said it is now a $1 billion company. The firm announced the private valuation in a Wednesday (May 15) blog post as it revealed the completion of a $30 million seed round. The company said the funding will help it challenge Sam Altman’s Worldcoin and accelerate hiring and...

Prove: Spike in Business Identity Theft Calls for Phone-Based Approach to Authentication
Fraud Prevention // 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 CEO Rodger Desai told Karen Webster in an interview, at Prove, there’s a running joke...

Biometric Wallets Emerge as Payments Modernization Strategy
Payments Innovation // May 08, 2024

As payments go digital, their authentication is getting more organic — literally. One of the latest frontiers in the ongoing evolution of payments is leveraging biometric information for authentication, where the very characteristics of individuals — such as fingerprints, facial features or iris patterns —...

Vodafone is Bringing Crypto Payments to SIM Card-Based Mobile Wallets
Cryptocurrency // May 06, 2024

Phone, keys, wallet. That’s the daily routine that tens of millions  if not billions — of people undergo each morning when checking their pockets or purses before they leave their homes to start the day.  And with the recent news that telecommunications giant Vodafone is planning to integrate...

Interviews & Exclusives
Prove: Spike in Business Identity Theft Calls for Phone-Based Approach to Authentication

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 CEO Rodger Desai told Karen Webster in an interview, at Prove, there’s a running joke inside the firm in which he keeps score on how […]

Biometric Wallets Emerge as Payments Modernization Strategy

May 08, 2024
As payments go digital, their authentication is getting more organic — literally. One of the latest frontiers in the ongoing evolution of payments is leveraging biometric information for authentication, where...

Digital Innovation Plus AI Tech Can Future-Proof the Enterprise

April 24, 2024
Long-term success frequently results from businesses being agile, and prepared, in the short-term. That’s why it is so heartening, Shaunt Sarkissian, founder and CEO of AI-ID, told PYMNTS for “What’s Next in...

Spike in Identity Fraud Forces Banks to Embrace Innovation

April 23, 2024
To the hammer of a bad actor, everything vulnerable looks like a nail. And with the rise of sophisticated fraud techniques, organizations like financial institutions that are operating within security-critical...

Quick Reads
Digital ID Startup Humanity Protocol Valued at $1 Billion

May 15, 2024
Decentralized identity startup Humanity Protocol said it is now a $1 billion company. The firm announced the private valuation in a Wednesday (May 15) blog post as it revealed the completion of a $30 million seed round. The company said the funding will help it challenge Sam Altman’s Worldcoin and accelerate hiring and product development ahead of a “public testnet launch” in the […]

Prove Adds ID Verification Tools to AWS Marketplace

April 16, 2024
Prove has added its customer experience and ID verification/authentication offerings to AWS Marketplace. According to a Tuesday (April 16) news release, the addition lets customers access Prove’s commerce enablement, identity verification and identity...

Roku Reports 591,000 Accounts Impacted by ‘Credential Stuffing’ Attacks

April 12, 2024
Roku disclosed to its customers Friday (April 12) that 591,000 accounts were impacted by two separate cyberattacks. In less than 400 of these cases, hackers logged in and made unauthorized purchases...

OpenAI Recommends Phaseout of Voice-Based Authentication While Previewing Text-to-Speech Model

March 29, 2024
OpenAI suggested Friday (March 29) that voice-based authentication for accessing bank accounts and other sensitive information should be phased out.  The company said this while announcing in a blog post that...