The article discusses the growing threat of digital fraud and emphasizes the need for a layered response from various stakeholders, including payments firms and digital identity providers. Panelists from AuthenticID, Daon, and Aware highlighted how fraudsters leverage technological advances like AI to create identities and manipulate systems easily. They advocate for risk-based authentication to balance…
Anonybit has launched its decentralized biometric identity platform within NayaOne’s Tech Marketplace, allowing financial institutions to conduct low-risk tests of the technology. This initiative aims to accelerate the adoption of innovative identity management solutions, thereby enhancing security and efficiency in financial transactions. Anonybit has integrated its decentralized biometric identity platform into NayaOne’s Tech Marketplace, allowing…
California DMV has integrated AuthenticID’s biometric technology to enhance the security of mobile driver licenses. This system quickly verifies identities using face matching and liveness detection, reducing fraud risks. The initiative supports the growing acceptance of digital IDs in various sectors, with California being a leader among states offering mDLs. AuthenticID has partnered with the…
A startling report reveals that 50% of North American businesses have reported an increase in AI-generated fraud, specifically deepfakes and biometric spoofing. The report highlights a significant rise in fraudulent activities, including employee impersonation, and calls for businesses to adopt proactive measures. Internationally, banks in Brazil and the Philippines are taking important steps to enhance…
California DMV has partnered with AuthenticID to implement a biometric identity verification system in its mobile driver’s license program. This integration allows residents to securely verify their identities almost instantaneously through facial recognition technology. The initiative supports integration with digital wallets and aims to improve DMV operations and resident convenience. California’s Department of Motor Vehicles…
