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Fraudsters Want Your ID Information. What Are You Doing to Stop Them?

In 2016, identity theft amounted to $16 billion and affected more than 15.4 million people in the United States. Your identity is arguably your most valuable asset, but how often are you aware of all the ways that you use it to transact? With the lines of physical and digital identity becoming increasingly blurred, it’s … Continue reading “Fraudsters Want Your ID Information. What Are You Doing to Stop Them?”

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How Machine Learning is Taking Identity Proofing Solutions to a Whole New Level

Artificial Intelligence (AI) enables computers to make human-like decisions, creating efficiencies that were previously unachievable. AI powers everyday technologies such as search engines, self-driving cars, and facial recognition apps. This technology is also leveraged for consumer identity access and management to protect consumers and businesses against fraud. The Growth of ID-based Transactions Banking, healthcare, government … Continue reading “How Machine Learning is Taking Identity Proofing Solutions to a Whole New Level”

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Stranger Danger: Why You Should Care About Verifying Identities in the Age of the Sharing Economy

The Sharing Economy, which in broad terms is defined as an economic system in which assets or services are shared between individuals via the internet and especially mobile apps, has become a major way in which Millennials transact. This includes conducting transactions for business, travel, on-demand services and virtually all lifestyle-type offerings for goods and … Continue reading “Stranger Danger: Why You Should Care About Verifying Identities in the Age of the Sharing Economy”

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PKI, Chip Technology Embraced to Fortify Security Defenses

As high-profile security breaches become more commonplace, companies and government agencies are increasingly looking to Public Key Infrastructure (PKI) technologies to enable strong authentication access controls and more robust data protection capabilities. Successful PKI-based, security chip implementations are designed to facilitate secure authentication.   Case in point, Congress is currently crafting a bipartisan piece of … Continue reading “PKI, Chip Technology Embraced to Fortify Security Defenses”

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Digital Identity Authentication Provides Additional Security as Breaches Intensify

As large-scale data breaches continue to compromise personal information like login credentials and Social Security Numbers, companies have realized that they need to evolve their security methods over time in order to maintain consumer trust. In the past, many companies have solely relied on knowledge-based factors like birth dates and addresses to verify the identity … Continue reading “Digital Identity Authentication Provides Additional Security as Breaches Intensify”

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Facial Recognition Technology Helps Retailers Comply with FDA Regulations

Last year, the FDA impacted a $3.7 billion industry by ruling that vape pens and e-cigarettes won’t be available for sale to anyone under the age of 18 because they fall under the category of tobacco products. According to a survey conducted by the Center for Disease Control (CDC), one in four teenagers use vaping … Continue reading “Facial Recognition Technology Helps Retailers Comply with FDA Regulations”

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What We Learned at SDW 2017

SDW 2017, a conference for professionals involved in secure ID credentials and government-identity solutions, was last week in London and brought together top minds in the Identity Proofing Industry who all agreed that a trusted identity is the cornerstone of a trusted transaction. Key issues covered included identity fraud, document design, travel documents, smart borders, … Continue reading “What We Learned at SDW 2017”

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Tech Solutions to Address the Alarming Rise of Healthcare Fraud

The FBI estimated costs associated with U.S. healthcare fraud was at $80 billion in 2013. A 2016 healthcare fraud sweep by the FBI involved $900 million in false billing and more than 301 individuals, including 61 medical professionals and 28 doctors. There a number of surprising and frightening ways that people internally and externally can … Continue reading “Tech Solutions to Address the Alarming Rise of Healthcare Fraud”

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What We Learned at the K(NO)W Identity Conference: Part Two

B&B: Biometrics & Blockchain We are back with more from the K(NO)W Conference and focusing on solutions that create trusted transactions. Digital identity is relatively new. Physical identity has been around for millions of years. We are really just starting to figure out how to build digital trust and what that means for different industries. … Continue reading “What We Learned at the K(NO)W Identity Conference: Part Two”

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