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authID Recognized as Leading Luminary in 2024 Biometric Identity Report

authID has been named a top performer in Identity Proofing and Verification by The Prism Project, highlighting its strong industry experience, advanced technology, and significant client successes. The global biometric market is set for substantial growth, emphasizing the importance of biometrics in enhancing security and user experience in digital interactions. authID (Nasdaq: AUID) has been…

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AI-Driven Identity Fraud and Its Impact on Global Businesses

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…

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Customers Rush to Banks for Biometric Verification Before Regulation Deadline

Customers are increasingly visiting bank branches for biometric verification ahead of a new regulation that requires facial recognition by January 1, 2025. The influx includes many elderly clients facing challenges with online methods. While online verification involves logging into banking apps and using NFC technology, banks are accommodating in-person updates and extending hours to assist…

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Emerging Trends in Biometric Authentication: mDLs, Digital Wallets, and Passkeys

Biometric authentication, mobilized through mDLs, digital wallets, and passkeys, is rapidly advancing, with many U.S. states set to implement mDLs by next year. Europe is integrating digital wallets into daily transactions, while regulatory bodies scrutinize biometrics use. Forecasts suggest significant growth in biometric tech adoption, propelled by companies like Mastercard and Visa, highlighting its importance…

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Tech5 Secures $54 Million Contract for Virginia Livescan Biometrics Upgrade

Tech5 has secured a 15-year, $54 million contract to upgrade livescan fingerprint biometrics for the Virginia State Police. The project will provide 800 livescan systems and cloud software services aimed at improving data accuracy and public safety. This initiative aligns with Tech5’s recent launch of a multi-biometric identification platform. Tech5 has secured a $54 million…

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Idemia NSS Awarded DOJ Contract to Enhance Biometric Services

Idemia NSS has won a $6.4 million contract from the DOJ to modernize the Justice Biometric Identity Service (JBIS). This service will enhance biometric identification for federal agencies, facilitate over 420,000 transactions annually, and leverage the latest technology while maintaining cybersecurity compliance. Over ten years, the contract could reach $44.3 million, representing a strategic upgrade…

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