Shufti Pro makes fraud report available, upgrades AML capabilities
More than 1 in 7 attempted online financial transactions in 2022 was fraudulent, according to Shufti Pro‘s ‘Identity Fraud Report…
fraud prevention
Biometric Update regularly authors articles related to the term "fraud prevention." The following list of links is available to help you find biometrics news regarding "fraud prevention" and other relevant terms. Additional topics may be explored by accessing our entire Biometrics Topics list.
Digital platform launched to fight exploitation and fraud in construction industry
A new platform designed to combat modern slavery and fake credentials by verifying UK construction worker digital identity and qualifications…
Exploring biometrics within payments
eyePOS payment device. Supplied by PayEye. By Monica Eaton, founder of Chargebacks911 Biometric payment systems have some of the most…
Journalist uses AI voice to break into own bank account
In a recent experiment, Vice.com writer Joseph Cox used an AI-generated voice to bypass Lloyds Bank security and access his…
Shufti Pro Identity Fraud Report 2022
To help companies take effective steps to fight identity fraud and financial crimes, Shufti Pro’s compliance experts have examined proprietary…
The Gambia, Kenya county choose biometrics to identify, weed out absent public servants
The Gambia’s Ministry of Public Service, Administrative Reforms, Policy Coordination and Delivery has reiterated an earlier call for government Ministries,…
UK digital identity moves department, financier demands ‘economic digital ID’
Oversight of the UK government’s digital identity projects have moved home, but so too has the boss. The newly-formed department,…
Plaid
Plaid is a data network that serves as the financial services analytics layer, connecting 150 million people, 500 million accounts,…
Indian officials use facial recognition to identify thousands of fraudulent SIM cards
Almost 500,000 irregularly-registered SIM cards have been blocked in the Mewat region of India’s Haryana state since January 2022, many…
Socure plans to ‘eliminate synthetic identities’ from US finance
New York-based digital ID solution provider Socure has shared plans to first remove 100,000 synthetic identities from the U.S. financial…
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