Deepfakes are causing massive disruption across industries and are threatening companies’ security, reputation and bottom line. Every day there are new reports of criminals breaking through online security protocols and defrauding businesses and their customers around the world. InfoSec and IT departments are scrambling to put better policies and systems in place to prevent deepfakes….
One of Jumio’s strengths is that we provide various channels for integrating the identity verification journey into your onboarding workflow: a Web Client, Web SDK, Mobile SDKs and REST APIs. Each channel has unique advantages, and you can leverage one or more channels as needed. Fraudsters are becoming more and more sophisticated, and no solution…
In 2023, we witnessed the widespread adoption of AI tools such as ChatGPT, Dall-E, and Bard. However, along with the positive advancements, there were also negative aspects, particularly in the realm of fraud. To gain a better understanding of how AI is shaping the future of fraud prevention, The Fintech Times recently hosted a webinar….
Preventing minors from accessing age-restricted products, services or content is a major challenge in today’s digital-first world. While traditional age gates (popups or forms that ask website visitors to enter their date of birth) can deter some minors from visiting restricted websites, they don’t do enough to block access completely. These types of age verification…
Hackers are more sophisticated than ever. To keep customer data safe and secure, financial institutions need a customer authentication system that keeps them one step ahead. Both knowledge-based authentication (KBA) and biometrics can help protect sensitive customer information, but which offers better, more reliable data security? And with growing security risks, is one authentication method…
Finance and banking are among the most regulated industries in the U.S., and it can be difficult to keep all the requirements straight. As part of Know Your Customer (KYC) and Anti-money Laundering (AML) compliance, financial institutions are required to verify customer identities through a Customer Identification Program (CIP). CIPs became a legal requirement with…
Customer requirements are transcending traditional know your customer (KYC) use cases, with identity verification now encompassing a broader range of applications in marketplaces, workforces and security. Gartner predicts that by 2027, the global demand for individual identity verification point tools will decrease by 20% due to the increasing need for all-in-one digital identity platforms. As…
Online sports betting has exploded across the U.S. in the past few years. Sportsbooks like DraftKings Inc. and FanDuel Inc. are ubiquitous on TV, radio, billboards and social media. All the major U.S. sports leagues now have partnerships with betting platforms. In August 2023, ESPN struck a 10-year, $1.5 billion deal with Penn Entertainment to…
Thanks to the dark web, cyberattacks and account takeover fraud, authenticating users’ identities is an ever-evolving challenge — but one that biometric authentication can help solve. Biometric authentication verifies a user’s identity based on unique biological traits such as retinas, facial features, fingerprints and even voice. Each time a user accesses their account, the biometric security…
Lottoland has grown rapidly to become a world leader in online gaming. Innovation, coupled with the freedom to offer players a unique and enhanced lottery experience, has been key to the company’s success. In June 2018, Lottoland paid out €90 million to one lucky winner, a win that has been confirmed by Guinness World Records…