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Tag: MARKET TRENDS

Growth of the Tenprint Search Automated Fingerprint Identification System Market

Sofia Martinelli03 mins

The Tenprint Search Automated Fingerprint Identification System market is experiencing substantial growth due to rising security demands in banking and government sectors. The technology captures ten fingerprints for a universal database, enhancing authentication processes in various applications including mobile transactions and border security. Notable market players are adopting strategic expansions to leverage this growth opportunity….

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2024 Identity Fraud Report: The Rise of Fraud-as-a-Service and AI-Driven Tactics

Sofia Martinelli04 mins

The 2024 Identity Fraud Report by Au10tix reveals that fraud-as-a-service (FaaS) has allowed novice fraudsters to launch major cyber-attacks using accessible tools. Key findings include a significant rise in social media-targeted fraud and the need for advanced fraud prevention strategies. The report emphasizes the evolving landscape of identity fraud driven by AI technologies and suggests…

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ROC Achieves 30% Accuracy Gain in Latent Fingerprint Biometrics via New Algorithm

Ethan Nash03 mins

ROC’s new ROC +0014 algorithm demonstrated a 30% increase in accuracy for latent fingerprint biometrics in the NIST ELFT evaluation. The algorithm reported an FNIR of 0.138 and processed matches in an average of 64 seconds, significantly improving efficiency. With high hit rates and free access to their SDK, ROC reinforces its leadership in biometric…

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$315 Billion Revenue Opportunity in Biometric Digital Identity Economy

Sofia Mendez03 mins

The Prism Project’s Flagship Report predicts over $315 billion in global biometric digital identity revenue by 2028, driven by 250+ evaluated industry players. Biometrics play a crucial role in combating fraud, enhancing user experiences, and streamlining operations. The report emphasizes the need for advanced identity solutions amid growing digital threats. The Prism Project’s recent Flagship…

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Contactless Biometrics Market Expected to Exceed USD 70.48 Billion by 2032

Ethan Nash05 mins

The Contactless Biometrics Market is set to rise from USD 19.12 Billion in 2023 to USD 70.48 Billion by 2032, driven by security concerns and technological innovations. Key players include Aware and NEC Corporation. The sector is segmented by technology and application, with North America leading in market share while Asia Pacific shows rapid growth….

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Future Trends in Identity Security: Key Developments and Challenges Ahead

Sofia Mendez05 mins

Identity security is evolving towards phishing-resistant authentication and integrated cloud-based management solutions. Key trends include greater reliance on passkeys and the growing significance of zero-trust frameworks. As threats targeting identities increase, organizations must adopt advanced security measures, leverage AI, and address challenges with legacy systems and standardization. Identity security is expected to evolve significantly, with…

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Paravision Achieves Top 5 Ranking in NIST Face Recognition Evaluation

Sofia Martinelli04 mins

Paravision secured a top five position in the NIST FRTE 1:N test with its upcoming 7th Generation Face Recognition technology, excelling in the visa-border scenario. It has consistently ranked highly in previous evaluations, marking it as a leading vendor in facial recognition. The company’s performance is underpinned by a commitment to continuous innovation and adaptability…

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Biometric Authentication Identification Market: Growth and Future Strategies

Sofia Martinelli05 mins

The biometric authentication identification market is expected to grow significantly from 2024 to 2032, driven by technological innovations and sustainability efforts. North America remains a key player due to high technology adoption, with Europe also projected to grow. Success in this market requires businesses to balance agility and focus on sustainable practices, fostering innovation to…

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Innovatrics ABIS Algorithm Achieves Top Rank in Latent Fingerprint Evaluation

Sofia Mendez04 mins

Innovatrics’ updated algorithm for latent fingerprint identification has achieved rank 1 in the NIST ELFT, recording a 98.2% hit rate. It excelled in the FBI-provided dataset, demonstrating low FNIR and FPIR rates. The algorithm also delivered top accuracy against the DoD’s largest dataset. Matus Kapusta praised the achievement as a testament to Innovatrics’ commitment to…

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AI-Driven Identity Fraud: The Rise of Deepfake Selfies and Its Threats

Sofia Martinelli05 mins

AI advancements are facilitating identity fraud, particularly through deepfake selfies that fool biometric security systems. A report reveals significant fraud increases in social media, making it essential for organizations to adopt behavior-based detection methods rather than relying on traditional verification alone. The shift highlights the urgent need for enhanced security practices. Recent findings from AU10TIX…

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