The European Union’s AI Act will influence biometric and identification standards internally, though its international adherence may be limited. New research emphasizes the importance of assessing how effectively the Act protects fundamental rights, especially given its delegation of enforcement to member states. Ongoing concerns exist regarding biometric surveillance exceptions for law enforcement, necessitating vigilant monitoring…

The EU’s AI Act may not influence non-EU countries as initially expected, but it aims to set standards for biometric tools and the Digital Identity Wallet within the EU. Despite its protective intent, significant challenges remain regarding the safeguarding of fundamental rights, especially concerning biometric surveillance and the discretion left to member states. Research emphasizes…

SummaryDr. Nikolay Ivanov of Rowan University is conducting a groundbreaking study, funded by a $173,852 NSF grant, to explore the usability of self-sovereign digital identities (SSDIs). This research seeks to improve protocols for managing digital identities, allowing users greater control over their personal data while enhancing privacy and security. Ivanov’s work aims to identify usability…

SummaryB-FY has introduced a revolutionary passwordless biometric authentication solution aimed at enhancing online security and mitigating cybercrime. Launched at the Identity Week conference, this decentralized system eliminates traditional passwords, reduces fraud through biometric verification, and complies with data privacy regulations. With successful applications in Mexico’s fuel industry, B-FY is positioned to reshape the cybersecurity landscape….

SummaryiDenfy and AuthenticID have launched new biometric authentication tools—iDenfy’s automated face authentication and AuthenticID’s Smart ReAuth system. Both innovations aim to enhance identity verification processes, address growing market demands for integrated solutions, and reinforce security amid rising identity fraud incidents. iDenfy and AuthenticID have recently launched advanced biometric authentication tools as part of their effort…

SummaryNotified is integrating Clear’s biometric identity verification into its GlobeNewswire press release distribution platform to enhance digital identity verification. Users can confirm their identity with a single step, creating a ‘Clear Verified’ badge on press releases to assure authenticity. This initiative aims to improve trust in corporate communications while enhancing security for GlobeNewswire customers. Notified,…

SummaryFime is opening a new Technical Centre in Lille, France, to advance NFC document scanning capabilities, employing skilled hardware engineers to assist in comprehensive NFC testing. The initiative aims to support the biometric and payment sectors by enhancing testing solutions and ensuring compliance with industry standards. Fime is set to enhance its capabilities in biometric…

SummaryA class action lawsuit has been filed against Verizon Wireless alleging that the company violates the Illinois Biometric Privacy Act by collecting customer voiceprints without obtaining the required informed consent. Plaintiffs Parker and Doyle assert that Verizon’s Voice ID technology collects biometric identifiers without proper disclosures and consent, thus breaching statutory protections for sensitive personal…

SummaryBIO-key International, Inc. (NASDAQ: BKYI) offers biometric authentication solutions, focusing on passwordless identity verification for various sectors. The company’s recent partnerships aim to enhance market reach, including a $1.9 million warrant agreement and $500K in new contracts. BIO-key remains committed to innovation and financial growth, participating in investor events to expand its presence in the…

SummaryLiminal’s 2024 Digital Identity Landscape report features a new interactive taxonomy for understanding digital ID markets, highlighting market sizes and funding estimates for biometrics and related sectors. The report underscores the growing significance of AI-driven solutions and investment trends in identity verification and biometrics, particularly in emerging regions. The new Market Monitor tool enhances investor…