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…
synthetic identity fraud
Biometric Update regularly writes articles regarding the term "synthetic identity fraud." The following list of links is available to assist you with finding biometrics news related to "synthetic identity fraud" and other relevant terms. Additional tags may be perused by accessing our comprehensive Biometrics Topics list.
Digital ID experts to tackle fraud, deepfakes in high demand: OCR Labs report
Nine out of ten fintechs are planning to recruit additional digital ID experts to help tackle fraud as they expect…
Advocacy groups urge US Congress to pass Improving Digital Identity Act
The Better Identity Coalition has joined with the Identity Theft Resource Center and eight other organizations to call on U.S….
Defrag KYC landscape to prevent fraud, reputational damage, American Bankers Association says
The American Bankers Association (ABA) hopes to settle nerves in the fraud-prone U.S. financial sector with a new guide to…
Synthetic identity fraud to hit $5B in two years. Credit agency practices enabling crime
Could U.S. synthetic fraud losses in 2024 equal the valuation of five unicorns? That is what one digital ID verifier…
BNPL fraud: Avoiding buy now, pay never
By Gergo Varga, Product Evangelist at SEON Mention of a BNPL model – Buy Now, Pay Later – within the…
Digital identity verification spending to pass $20B by 2027, but security challenges remain
Businesses around the world are spending $11.6 billion on digital identity verification this year, and that amount will nearly double…
Preventing fraud, the alternative way
By Gus Tomlinson, Chief Product Officer, EMEA at GBG Our digital identities allow us to buy and interact like never…
Microsoft says DOD needs to be better at detecting synthetic identities. And do it sooner
AI and cybersecurity are converging, according to Microsoft’s chief scientist, and one result will be the long-term inability of the…
US financial agencies highlight teams in remote digital identity proofing competition
Two U.S. federal agencies that oversee the law enforcement of financial crimes and seek to strengthen trust in the digital…
Biometric Market Analysis and Buyer's Guides
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