Indumil, the sole arms manufacturer for the Colombian government, has announced new and innovative measures to authenticate the identity of an individual securely and accurately, combining technologies of TECH5 and Accesos Holográficos (AH). These new measures are implemented to increase confidence in the legal authorization of registered firearm possession in the country.
Indumil is adopting the technology of both TECH5, an innovator in the field of biometrics and digital identity management, and Accesos Holográficos – AH, a leader in marketing solutions in high security printing, in order to modernize permits for gun carry and possession in Colombia. The new technologies will allow the implementation of the T5-Cryptograph, a secure digital container, which will hold both biometric and demographic data of an individual gun owner. The T5-Cryptograph will be integral part of the gun permit, and with the aid of a smartphone the identity of an individual gun owner can be biometrically confirmed in seconds. Furthermore, the new document will allow the authorities to biometrically verify the identity of the firearm carrier even off-line, without the need for an Internet connection.
“We are convinced that the implementation and function of digital identification enhanced by biometrics on firearm permits will only serve to increase the security in the country as well as provide law enforcement agents with a tool to verify the identity of gun owners in a fast and accurate manner. These patented technologies, which will be integrated with the new generation firearm permits, will make it difficult if not impossible to falsify and/or adulterate firearm permits.”- comments Juan Carlos Sánchez Sánchez, South American Regional Director for Accesos Holográficos.
Over the next three years, Indumil plans to issue more than 700,000 carry and possession permits with integrated T5-Cryptograph for both firearms and non-lethal weapons. Owners of more than one firearm will receive a separate permit for each one. “To be clear, the implementation of TECH5 digital identification technologies will allow law enforcement to be more efficient in their work in the field given that they will now have a tool at their disposal that will legally support their operations. In addition, the new technology will also facilitate control in remote locations in the country as there is no need for an internet connection to verify the identity of permit holders.” – comments Coronel Hoover Ríos, Director of Arms and Explosives Trade Control of the General Command of the Armed Forces.
The future of sovereign documents (IDs) such as identity cards, passports and driver’s licenses is virtual. However, there are still some key challenges to overcome to get there, with IDs remaining “phygital” for the time being, explains Veridos.
ID cards, passports and driver’s licenses are increasingly “phygital” across much of the world. This sees physical and digital components combined with documents containing electronic chips that store data identifying their holders. Unlike purely physical ones, phygital IDs have one key advantage: data that establishes a citizen’s identity can be transferred to digital platforms without friction. Thus, they are indispensable for efficient eGovernment processes.
To advance these processes, the next logical step is to further digitize IDs – that means their virtualization for mobile devices such as smartphones and tablets. However, to get to that point, states, international organizations, and system providers have to overcome a range of challenges. Veridos explains the most important ones:
1. Develop new security solutions. Phygital IDs contain numerous physical security elements such as a surface that can be felt in relief, holographic portraits or watermarks. With virtual documents, these features are omitted, creating a gap that must be closed by new security solutions.
2. Build state-wide infrastructures. In order to use virtualized documents effectively, states need complete IT infrastructures throughout the country. This includes systems for the high-performance processing of large amounts of data. These are necessary, for example, for cross-border authentication of virtual identities, i.e. when a citizen travels internationally; or mobile solutions that enable citizens to use their virtual IDs for digital services in a legally secure manner.
3. Define international standards. International standards are needed for the smooth cross-border use of virtual IDs. Organizations such as the ICAO, a specialized agency of the United Nations, are already working on specifications for the harmonization and standardization of such IDs.
4. Design concepts for citizens’ data sovereignty. A key factor in the acceptance of virtual IDs by citizens will be the handling of their data. National authorities should design solutions that give citizens sovereignty over their data – for example, by allowing them to decide on a case-by-case basis what information they want to release. Such concepts can be realized by the decentralization of IDs.
5. Design user-friendly systems. In addition to the documents themselves, the goal is also to digitize the associated processes around application and issuance as consistently as possible. Since citizens usually only need new IDs at intervals of several years, they often do not become familiar with the digital systems. These systems must therefore be as intuitive to use as possible.
“The future of IDs will become more and more virtual, there is no doubt about that,” explains Marc-Julian Siewert, CEO at Veridos. “There will even be some outliers, especially countries that do not yet have phygital IDs, will simply skip this step. But the majority of the world will still have phygital IDs for the next ten years. Countries need a lot of patience to take the next step towards completely digitized documents, but it will be worth it. After all, they can take state-citizen communication and, consequently, the efficiency of public administration to a whole new level.”
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Our Conference will follow these key themes:
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Digital ID in Travel
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Security Document Manufacture
Digital onboarding in Government
Smart Digital ID Wallets
IAM in Financial Services
National Identity Initiatives
Digital ID in Health
ID Cards & Driving Licences
Biometrics at the Border
Digital ID and Government
ID in Payments & Ecommerce
ID and Blockchain
No more fumbling for your phone or hunting for your wallet when you have your hands full – the next generation of in-person payments will only need a quick smile or wave of your hand. The trusted technology that uses your face or fingerprint to unlock your phone can now be used to help consumers speed through the checkout. With Mastercard’s new Biometric Checkout Program, all you will need is yourself.
As part of a global launch announced earlier today, the program represents a first-of-its-kind technology framework to helpestablish standards for new ways to pay at stores of all sizes, from major retailers to mom-and-pop shops. The program outlines a set of standards that banks, merchants and technology providers adhere to, helping to ensure the security and privacy of personal data when people pay biometrically.
Globally, 74%of consumers have a positive attitude towards biometric technology, and the market for contactless biometrics technology is projected to reach $18.6 billion by 2026.
“The way we pay needs to keep pace with the way we live, work and do business, offering choice to consumers with the highest levels of security,” said Ajay Bhalla, president, Cyber & Intelligence at Mastercard. “Our goal with this new program is to make shopping a great experience for consumers and merchants alike, providing the best of both security and convenience.”
Transforming the checkout experience
Participants in Mastercard’s Biometric Checkout Program offer consumers the option to conveniently enroll into their biometric checkout services, in store or at home, through a merchant or identity provider app. Once enrolled, there is no need to slow down the checkout queue searching through their pockets or bag. Consumers can simply check the bill and smile into a camera or wave their hand over a reader to pay. The new technology ensures a fast and secure checkout experience, whilst also empowering consumers to choose how they want to pay.
For merchants, the benefits are also considerable, from faster transaction times and shorter lines to greater hygiene and heightened security. The payments system can be integrated with loyalty programs and personalized recommendations to help consumers find products they might be interested in based on previous purchases.
Mastercard is working with partners including NEC, Payface, Aurus, PaybyFace, PopID and Fujitsu Limited to ensure the launch and scale of these types of new checkout capability around the globe, adhering to an overarching framework of minimum standards, specifications and guidelines that address security, biometric performance level, and data protection in the context of in-store biometric payments.
The first pilot will be launched this week in Brazil with Payface and St Marche. The pilot will see Payface’s technology implemented across five St Marche supermarkets in São Paulo. Consumers visiting these supermarkets are able to enroll their face and payment information through the Payface app, and once registered, they can simply smile to pay at the checkout without a card or mobile device. Future pilots are being planned for roll-out in the Middle East and Asia.
“We’ve been developing Payface since 2018, with a mission to help transform the way people pay – improving the experience, without compromising on security,” said Eládio Isoppo, chief executive officer, Payface. “This partnership with Mastercard is a welcome step forward for us and will enable our technology to be used by more merchants and consumers, making shopping easier and bringing the joy of a smile to payments.”
Building on a legacy of rich innovation
Biometric Checkout is Mastercard’s next step to support the evolution of payments, alongside a suite of recent innovations, such as Shop Anywhere, Enhanced Contactless (ECOS) and Cloud Point of Sale, which have been rolled out to provide consumers and merchants with frictionless, flexible and secure in-store experiences.
Mastercard has long pioneered biometrics – instore and online – as a secure way to verify identity, replacing the password with the person. The effort, which builds on the EMV 3-D Secure standard, enables people to shop and pay through biometric-powered payment cards, devices and wearables. Biometrics have also featured in confirming online shoppers’ identities through “selfie pay” and online, leveraging key standards such as FIDO (Fast Identity Online).
As this technology is increasingly adopted across the world, Mastercard is helping ensure all stakeholders maintain the highest levels of security and privacy to protect consumers. The Biometric Checkout Program is governed by Mastercard’s principles for data responsibility, reinforcing that consumers have the right to control how their personal data is shared and benefit from its use.
TECH5, an innovator in the field of biometrics and digital identity management, has opened two more R&D centers. These new centers, located in Portugal and India, will bolster the main R&D center of the company in the USA, and will be dedicated to the research and development of biometric algorithms for all three biometric modalities – face, fingerprint and iris. The centers will also focus on the development of new features for TECH5 verification and identification platforms as well as digital ID technologies.
“We are continuously investing in R&D to make sure that our global partners and customers have access to the fastest and most accurate biometric and digital ID technologies and products serving all steps of the identity lifecycle.” – says Rahul Parthe, TECH5’s Chairman, Co-founder, and CTO.
The company also plans to increase the number of sales representatives and partners in all regions. “TECH5 will maintain its headquarters in Geneva, Switzerland, but our new entity in Lisbon will become a head office for the company’s management, marketing and R&D, as well as a place for partner meetings and our technology demo center.” – says Machiel van der Harst, Co-founder and CEO of TECH5.
Earlier this year, TECH5 Group formalized its entry into the Australian market with a local presence. This move allowed the company to work closely with local partners and customers. TECH5 Australia has recently deployed its first government project and is now in the process of onboarding new partners in the region.
TECH5 is also near completion of its disinvestment in Russia, which began in 2021. The company continues divesting corporate interests in the country and blocking the sale of TECH5’s platforms and technologies in Russia.
In 2022, TECH5 closed a second round of investment. As planned, the company is using these funds to accelerate its global expansion. In the coming months, TECH5 is planning to continue expanding its presence in Africa, Latin America and Asia.
Saudi Arabia and Bahrain will join other Gulf Cooperation Council (GCC) states with electronic visa waiver status, the Home Office has announced. The move will maintain security and effective border processes ensuring necessary security checks are carried out ahead of travel whilst enabling smooth transit through the UK border for visitors.
An electronic visa waiver allows the holder to travel to the UK without obtaining a visa provided they complete an online waiver for each visit. A small fee will be applied, and it is quicker than applying for a visa as there is no need to provide biometric information (photo and fingerprints), attend a visa application centre or hand in your passport in advance of travel.
Home Secretary Priti Patel said:
This visa waiver for Bahrain and Saudi Arabia will better connect the people of our countries and boost economic prosperity.
The electronic visa waiver is a quick, digital alternative to the regular visit visa and ensures all the necessary security checks are carried out in advance of travel. The visa improvements announced today will provide greater security for our citizens while making it easier and cheaper for visitors from the Gulf to travel here for leisure and business.
Foreign Secretary Liz Truss said:
This visa waiver will strengthen our relationships with Saudi Arabia and Bahrain, making it easier for visitors from the Gulf to come to the UK.
Our friendships with both countries are of great importance, built on shared priorities such as trade, investment and security.
IDEX Biometrics ASA announces collaboration with payment software provider Verisoft A.S. for commercialization of biometric payment solutions in EMEA and globally. Verisoft delivers end-to-end smart card issuance solutions, ranging from personalization software, digital payment solutions, card management and loyalty systems across 32 markets, and has delivered EMV solutions to more than 100 banks, working with leading card vendors such as AustriaCard, G+D, IDEMIA, Kona I and TAG Systems.
Catharina Eklof, CCO of IDEX Biometrics, says, “IDEX collaboration with Verisoft will bring biometric card solutions to market for issuers and personalization bureaus at optimized costs and will broaden our positioning in the ecosystem. We are excited to partner with Verisoft to deliver a holistic and agile approach to biometric solution standards, securing seamless customer payment experiences.’
Onur Alver, CEO of Verisoft states, “Our collaboration with IDEX Biometrics will provide banks and other card issuers access to the next level of secure payment cards, as we expect adoption to accelerate as of 2022. We are delighted to partner with IDEX Biometrics in offering the highest performing fingerprint authentication solutions for smart cards”.
When identity becomes ‘digital first’, opportunities arise. Jaume Dubois, CEO of ID30, discusses with the Paypers how the many facets of digital identity and how digitalization can help create financial inclusion
Have you heard about mobile money?
In Burkina Faso, like in many other countries where the banking system is not widely spread, people are using just their phones to share money. All they need is a 2G subscription and a feature phone through which they can share money instantly to any of their relatives in the country.
This very smart solution is way more advanced if compared to the complex user experience within the classic banking systems. Like many innovations, this process was born by people who, at the end of the month, were not willing to waste their phone subscription units, so they were transferring them to their friends in exchange for cash. This way, they invented mobile money on top of something they’ve already got, something accessible and inclusive.
Thanks to mobile money, a daughter is able to send cash to her mother living far away, or a father can send money earned in the city to his family staying in a remote village in a rural area.
Since the 2010’s, most countries have started the digitalization of their legal identity in order to access administrative services in an easier way, through the use of innovative technology. But, as many people live in places where infrastructure and technologies are not accessible, this digitalization can divide the ones with access from the ones excluded from it.
Identity becomes ‘digital first’ and is bringing with it the capacity to transfer and exchange money. Digital solutions represent an immense opportunity for governments as they are efficient in social programs and drastically reduce the logistics and the cash line loss. Besides, digital means direct and instantaneous, precisely targeting the individuals who are most in need. Digital money transfers shorten the time in crisis situations, making it possible to offer assistance and deliver support right when it’s needed.
COVID-19 pandemic has highlighted the need to use technology to assist people in difficult situations. In Togo, for example, the NOVISSI selected the poorest villages and neighborhoods through high-resolution satellite imagery and nationally representative household consumption data. Thenceforward, the program allowed the identification of vulnerable people through machine learning algorithms, using mobile phone metadata and phone surveys. This granted contactless, social protection payments to a population which no longer had the possibility to earn money because of the lockdown. Since then, Togo is leveraging that experience by building a National ID platform which will be closely coupled to a social protection system.
Since 2016, The World Bank ID4D program is supporting the deployment of National Digital ID systems (also called Foundational ID) in 49 countries, having a significant impact in normalizing and regulating the National Digital ID thanks to the contribution of various experts and leveraging on countries’ experiences. They have recently coupled the ID4D program with the GP2x program (which has supported more than 33 countries in the process of digitizing the cash transfer from Governments to population) in order to digitize the government-to-person payments.
Within the past ten years, many initiatives have grown around the world to give life those digital identities linked to digital payment. India is one example. Using their AADHAAR system, they allow the authentication of any Indian with just a paper card and the help of biometrics. Another example is Peru, with the RENIEC National Identity system offering centralized identification to the public and private sectors. In Europe, Estonia has developed their ‘Government as a platform’, offering a lot of convenience and applying ‘single source of trust’.
Identity and payment platforms initiatives are now growing in several countries, rushed by the COVID-19 and getting stronger through their technical capacities and data availability. They have revolutionized the social protection programs systems by developing new models of social protection based on socio-economic data analyses and using Artificial Intelligence to determine the eligibility of people to social assistance.
To better support the fast-track digitalization of governments we can see more and more cross countries initiatives, with countries sharing their experience and technologies through what is called Digital Public Good. lndia, for example, shares their National ID model, AADHAAR, through an Open-Source ID Platform (MOSIP: Modular Open-Source Identity Platform). Estonia, on the other hand, shares their secure data exchange Hub (X-Road).
At same time, global initiatives like GovStack lead by GIZ (GIZ), ITU, Digital Impact Alliance, and Estonian Government are assembling Digital Public Goods into Government Stacks, which accelerates countries’ digitalization. GovStack includes digital ID platforms and payment systems to facilitate interactions between government and population.
There are also other initiatives which are focused on achieving specific goals. Digital Convergence Initiative, for instance, is leading to offer a fully Open-Source solution for onboarding beneficiaries and executing Social Protection programs. Other solutions like ID PASS Open-Source toolkit reuses know-how and technologies designed for emergency assistance of vulnerable populations, serving as a civil countries social protection system.
In a world damaged by the pandemic, with large blocks of rivalry, there is still hope. Seeing how countries collaborate and build digitalization for all, with the inner objective of inclusion and a goal to get out of poverty, the people that have been stuck there for generations.
With wars, pandemics, and other things that threaten the longevity of humanity, we will need a sense of fraternity to survive.
About Jaume Dubois
Jaume Dubois is leading expert on digital Identity systems for governments, advising on digitalization of identity and of administrative processes. He has been a Technical Leader, an R&D Manager, an Identity Systems Project Manager, and a Product Line Manager on Foundational ID and Biometric Solutions. He’s a key contributor on international initiatives like OSIA or GovStack, working closely with MOSIP or OpenCRVS. Jaume is now CEO of ID30, a consulting and innovation company working on bridging technological gaps between governments, populations, and technology providers.
ID30 is a consulting company advising on digital identity and governments digitalization for developing countries. It has emerged from the statement that governments had a strong need to digitize whereas most specialists in the domain were part of the private sector. ID30 brings deep expertise into government project management units and supports them in their design, technical decisions and overall project management. On the other side, ID30 is supporting international organizations to design their framework and align their positioning government’s needs.
ID30 pragmatic approach leads to setup adapted and sustainable solutions by being focused on delivering successful use cases rather than high technology. Working for more inclusion is an important goal for ID30 name refers to 2030 the target date of UN SDG 16.9 : “By 2030, provide legal identity for all including birth registration”. At the moment, ID30 supports a government in West Africa and a major international standardization body.
Formerly known as connect:ID, we are the unmissable Identity event of the year, connecting thousands of Identity professionals from across finance, government, retail, ecommerce, healthcare, travel and social media.
As one of the fastest-moving industries, keeping abreast of Identity’s top trends, critical threats and new tech is crucial to success…
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Nothing beats face-to-face business, seeing solutions first-hand, talking through business opportunities & making connections.
This year at Identity Week America, explore products and solutions from hundreds of exhibitors on our show floor, visit the start-up village to discover the next unicorn, or sit in on the carefully curated seminars taking place throughout the event, all for free.
Between our keynote speeches, conference sessions, seminars, panel discussions and roundtables, we’ve got a jam-packed event this year – trust us, you don’t want to miss it.
Don’t forget! As a thank you for being part of the Identity Week America community, you get a special earlybird rate of $295 when you book before June 3rd.
Co-located with the Expo, the 2-day IDW America Conference is a premium feature for serious innovators, disruptors, and visionaries of Identity.
Ticket holders will have unlimited access to a packed agenda with 100+ superstar speakers taking to the stage to explore what the future holds for Identity, from cutting-edge tech, to staying ahead of developing threats, to growth opportunities.
Did you know IDW Asia encompasses three events in one?
1: Digital ID: As an increasing number of people rely on digital and mobile domains to interact with the world around them, the need robust online identity systems has never been greater.
With a major focus on digital ID, we’re dedicating full conference tracks to benefit global digital identity specialists.
2: Planet Biometrics: With surging identity theft, next gen government ID projects and the increased demand for secure corporate ID solutions, the world is embracing the power of biometrics.
This year we’ll be addressing some of the most pertinent topics within biometrics, from new tech, to potential threats, to future trends.
3: SDW: For more than a decade SDW has set the benchmark for government identity as the unmissable industry event of the year for senior Identity professionals all over the world, including government delegations.
Prices go up every other week – so don’t get caught out and book your seat today for just US$295 (that saves you a huge US$400) – Book Now!
Experience this global showcase of technology innovations, industry disruptors and world leaders at Identity Week Asia 2022.
Fingerprint Cards and Feitian, a global leading provider of cyber security products and solutions, are happy to announce that they are continuing their long-lasting relationship by bringing to market biometric cards based on Fingerprints’ next generation T-Shape™ (T2) module and BEP-software platform, aimed at the payment and access segments.
The T2 solution has ultra-low power consumption, and its robust biometric performance was recently demonstrated by achieving compliance with Mastercard’s new Fingerprint Sensor Evaluation Process. This new solution is even simpler to integrate into the standard automated card manufacturing process, using the proven and accepted T-Shape packaging delivered in dual row. For card manufacturers, this means higher throughput, reduced waste and lower embedding costs.
“Based on our long-standing partnership with Feitian, we are pleased to collaborate on this biometric solution together with them. Feitian has once more chosen to work with us at Fingerprints and our proven biometric solution, which will guarantee high performance, quality, and security. I strongly believe that this next-generation solution has the potential to be a gamechanger in the biometric smartcard industry, delivering improved cost-efficiency, increased image quality and transaction speed as well as improved power efficiency”, says Michel Roig, President of Payments & Access at Fingerprints.
“Once again, we have chosen biometric technology from Fingerprints, as they have the leading biometric solution on the market. The collaboration resulting in this next generation biometric payment and access cards will ensure a product with a wide range of possibilities for our customers’ needs“, says Yan Yan, Vice President at Feitian.
LexisNexis® Risk Solutions, part of RELX, has announced the acquisition of BehavioSec®, an advanced behavioral biometrics technology provider. Founded in Sweden in 2008 with a presence in the U.S., Canada and EMEA, BehavioSec provides a highly predictive behavioral biometrics solution that uses behavior analysis for continuous authentication to establish identity trust and help prevent fraud. Solutions from BehavioSec will become a part of the Business Services group within LexisNexis Risk Solutions and enhance its device and digital identity-focused offerings, such as LexisNexis® ThreatMetrix®.
“BehavioSec represents a great addition to an already strong digital identity detection and authentication capability set for LexisNexis Risk Solutions,” says Julie Conroy, head of risk insights at Aite-Novarica Group. “Behavioral biometrics are an important component of the digital channel control framework, helping with both detection and authentication in a passive manner.”
Behavioral biometrics is becoming a widely adopted tool by industries such as financial services, ecommerce, technology, insurance, health care, communications, mobile and media companies and government agencies to prevent new account opening fraud, account takeover and scams, amongst other use cases. These organizations seek a passive means to establish trust while identifying fraud and detecting bots or malware, typical fraudster use patterns and changes in legitimate individual usage patterns to stop fraud before it enters their environments. They want to achieve this simultaneously while ensuring a positive experience at every consumer touchpoint.
BehavioSec brings the ability to convert complex mobile signals from touchscreen and sensors into rules and advanced mobile behavioral biometric-based authentication capabilities, complementing the browser-based solutions within ThreatMetrix®. By integrating offerings from BehavioSec into ThreatMetrix, customers will also benefit from continuous authentication, advanced machine learning capabilities and additional behavioral data for enhanced authentication processes.
Rick Trainor, Business Services CEO, said, “Behavioral biometrics is a valuable component in fraud prevention strategies that layer defenses to tighten the net that stops fraudsters. Founded 14 years ago by a team of highly accomplished visionaries, BehavioSec is a forerunner in the behavioral biometrics segment and continues to evolve and innovate ahead of any other behavioral biometric solution available today. Our combined customer base will benefit significantly from a blended behavioral biometrics solution within ThreatMetrix that offers more defense for customers without adding friction across the consumer journey.”
Dr. Neil Costigan, CEO of BehavioSec, added, “I am looking forward to discovering the next phase in the evolution for behavioral biometrics alongside a successful, innovative company looking to further evolve our advanced capabilities.”
The new fraud prevention tool will allow access to behavioral biometric solutions by larger organizations when combined with ThreatMetrix®, while serving small to mid-sized organizations seeking a stand-alone behavioral biometrics offering.
Global Finance magazine, which specializes in financial markets and investment banking, has recognized Veridas in its Innovators 2022 Awards for its innovative contribution to the financial sector. Veridas has been awarded, on the one hand, in the category of outstanding innovations in fraud detection thanks to its voice biometrics tool to perform the proof of life of pensioners in Mexico for BBVA. On the other hand, it was named the most innovative technology company in the Latin American region. Veridas’ project in Mexico has achieved a new, more secure and inclusive digital banking: more than 80,000 pensioners no longer need to travel twice a year to their bank branch because, thanks to Veridas and BBVA’s voice biometrics, they can now provide proof of life over the phone in just 3 seconds.
Regarding the recognition of Veridas as the most innovative technology company in Latin America, Mauricio Guijarro, Vice President of Sales for the Americas at Veridas, explains that “these awards from Global Finance come to recognize the intense work we have been doing for years in the region, where major banks already rely on our biometric technology”.
Miguel Zarraluqui, Global Product Marketing Manager of the company, affirms that “it is a commitment of all of us to close, with the best technology, the digital gap that our elderly people suffer so many times; changing the lives of thousands of Mexican pensioners with our voice biometrics fills us with pride and this recognition from Global Finance is a great satisfaction”.
Veridas works with more than 120 clients worldwide, where it has already performed more than 60 million identity validations. In addition, its commitment to quality, regulation, and compliance is paramount: it is recognized by the U.S. National Institute of Standards and Technology (NIST) as one of the best face and voice biometric technologies in the world; it has recently obtained the ISO 30107-3 compliance report after passing the Presentation Attack Detection (PAD) level 2 test conducted by iBeta Quality Assurance, consolidating its
leadership as a technology capable of fighting identity fraud and, among other milestones, hand in hand with BBVA, is one of the few technology companies that has managed to integrate its facial biometrics engine in the central Mexican public institution, the National Electoral Institute (INE), responsible for issuing the credentials used by Mexican citizens to prove their identity in electoral processes or when opening bank accounts. Global Finance magazine has chosen the most outstanding innovations in finance in multiple categories as part of its annual innovation awards. This is the tenth edition of the awards that recognize banks, companies, and fintechs that identify new paths and design new tools in finance.
BioRugged is pleased to announce that its Face Camera system is now supporting the MOSIP framework for the biometric enrolment.
“Our Facial Camera system is currently used in a wide range of our devices,” says Hof Retief, COO of BioRugged. “The availability of the BioRugged Facial Camera SBI for MOSIP also means that our complete Mark and Marque range of products is now fully MOSIP compliant.”
BioRugged works closely with its biometric partners and the MOSIP development community.
“We strongly support and endorse the MOSIP initiative. India has proven how beneficial an Identity Platform can be for a country. MOSIP is taking the approach to the next level and makes a vendor independent ID platform available for many countries.”, adds Arnd Langguth, CEO of BioRugged. “While governments can invest in a sustainable platform without fearing a vendor lock-in, the platform still allows 3rd party solutions to easily link into the platform.”
SME insurerSuperscript has found that complacent attitudes among employees towards cybersecurity is putting UK businesses more at risk. In a survey of 1,500 UK employees, 40% feel that upholding cybersecurity best practice is not their responsibility.
Alarmingly, over a third (34%) claimed to be unaware of what preventative measures their company has in place to prevent such an attack, despite 53% claiming they rely on the systems their employers have in place to keep them safe.
45% stated they felt unconcerned about a cyber-attack as their employers should ensure they haveinsurance in place to cover any related losses. These findings emphasise the complacent attitudes employees have towards their role in keeping the workplace safe.
Cameron Shearer, Co-Founder & CEO at Superscript commented, “A digital presence is a necessity for all modern businesses. This opens up new risks, and with the widespread adoption of hybrid working cyber attacks are sadly becoming more prevalent. It is important that businesses approach protection with a full 360° view. As a first step, businesses should be educating employees about the collective responsibility to cybersecurity and instil good habits. This is just as important as ensuring they have protective systems in place in case they are attacked, and insurance in place in case of a successful attack.”
Even with the adoption of more advanced cybersecurity measures including biometric, multi-factor and computer recognition authentication, one in five (21%) still believe passwords to be the most secure measure while more than a quarter (29%) prefer passwords due to their ease of use. In fact, as many as 40% viewed multi-factor authentication as an inconvenience.
This preference for convenience might explain common bad password habits identified by this study:
34% have changed secure and ‘strong’ workplace passwords to a weaker but more memorable one that does not meet best practice i.e., not long, complex or include symbols
31% have shared their workplace passwords with colleagues and people outside of work
30% only use two-three different passwords at work
15% only use one password at work
12% did not change their password when notified that it had been compromised
Jamie Akhtar, CEO and co-founder of CyberSmart said, “We have certainly seen an increased awareness among businesses, particularly SMEs, with regard to cybersecurity in the last couple of years. While encouraging, the next step requires us to make the transition from knowing ‘what to do’ to ‘how to do it’ and getting those best practices embedded into company culture.
Now more than ever, businesses need to take a holistic approach to cybersecurity. It is no longer enough to rely solely on basic password practices. Rather, businesses and their employees must take on board other measures from regular security awareness training and implementing MFA, to updating software as well as adopting cyber insurance.”
Employees had cited that virtual private network (VPN), antivirus software upgrades, multi-factor authentication, privacy screens, investment in cybersecurity training and cyber insurance upgrades had been introduced due to increased remote working*.
Promisingly, 56% of those surveyed felt confident they knew what steps to take in the event of a cyber-attack or breach on their computer whilst working remotely.
An understanding of the risks posed to businesses was also prevalent among employees**. When asked which common cybersecurity risks posed the most danger to their businesses, employees identified business interruption (49%), privacy liability (43%) and payment card data breaches (40%) as the top three threats.
Lithuanian-based remote ID verification and fraud prevention startup, iDenfy, partners with Credex, the automated lending platform for point of sales financing. iDenfy’s full-stack identity verification will ensure a swift and safe lending experience for Credex’s customers.
The pandemic accelerated a sharp rise in cybercrime. According to IT Governance, 39% of companies suffered cyberattacks last year. As a result, compared to the previous year, fewer businesses are using fraud prevention tools or performing any type of customer monitoring.
Without the extra security layer, organizations leave an open door for fraudsters to strike. To avoid damaging consequences, such as compliance fines, reputational loss, or financial crime, organizations implement AI-powered tools. This way, they are able to analyze various data points as well as huge transaction numbers and detect fraud in real-time.
According to Credex, choosing long-term partners is not an easy step, especially since their services have a huge impact on the clients’ experience; therefore, when searching for a new identity verification provider, the company prioritized safe, user-friendly options and selected iDenfy’s automated service.
Credex is a licensed automated lending platform providing secure loans using a fully digital stream. The financial institution provides its customers with convenient, easy-to-apply, personalized loan options and favorable terms. Currently, Credex has over 100,000 clients worldwide, aiming to increase its lending volumes.
As per iDenfy, remote ID verification prevents online scammers from carrying out processes on another person’s behalf or committing fraud through false, synthetic identities. iDenfy fights cybercriminals and protects businesses by offering full-stack identity verification and fraud prevention measures.
Its AI-powered biometric technology matches the user’s selfie with their document in less than a minute, and the 3D liveness check ensures that the customer is real and physically present during the onboarding process.
iDenfy’s certified verification software increased Credex’s clients’ satisfaction due to the swift, simple Know Your Customer (KYC) process. According to the lending platform, iDenfy’s solution encouraged more clients to download the Credex Mobile Application and minimized the rate of abandoned transactions.
“Fraud prevention is essential in this digital age, and for businesses that have high transaction volumes, it can be challenging. We’re proud to collaborate with iDenfy, a responsible business, helping us overcome such cybersecurity threats and providing our clients with a pleasant identity verification experience.” — explained Traian Baicu, the General Director of Credex.
“Identity verification allows businesses to onboard their customers with confidence. Thanks to technology and artificial intelligence, we can detect fraud or money laundering in real-time, avoiding grim consequences. We’re delighted to work with Credex, a business that also prioritizes convenience and security.” — commented Domantas Ciulde, the CEO of iDenfy.
Alcatraz AI, a leader in physical security AI technologies was one of six companies selected to join the Endeavor network at the 25th Virtual International Selection Panel (vISP). Endeavor is the leading global community of high-impact entrepreneurs, working to create a multiplier effect by inspiring high-growth entrepreneurs to dream bigger, supporting and investing in them to scale faster, and providing a platform to pay it forward.
The Virtual International Selection Panel is the culmination of a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship to create large-scale wealth and jobs and are committed to reinvesting their time and money in their local entrepreneurship ecosystems to help others take off. During the vISP, panelists interviewed a small group of high-caliber entrepreneur candidates about their businesses. Then, in “deliberation rooms,” panelists evaluated the entrepreneurs on their potential for high-impact growth, discussed, and voted unanimously to select the newest Endeavor Entrepreneurs.
“We are extremely excited to have Alcatraz AI, the innovation leader of the physical security world, join the global Endeavor family! We are ready to support the company with our unrivaled network in their global expansion and rapid growth,” commented Simona Nikolova, Entrepreneur Selection and Growth Manager at Endeavor.
As part of Endeavor’s network, Alcatraz AI will gain access to comprehensive, strategic, global support services, including introductions to local and international business mentors, investors, and volunteers from Fortune 500 consulting firms who will help them address key needs. Endeavor Entrepreneurs have had a significant track record of impact, having created more than 3.9 million jobs, generated combined revenues of over $28B, and helped build sustainable growth models in their home countries.
“At Alcatraz AI, we could not be more proud to join Endeavor and their impressive network of innovators,” said Vince Gaydarzhiev, President and Founder of Alcatraz AI. “We look forward to expanding our mission of leveraging facial authentication to make safer spaces possible, now with the support of Endeavor.”
Alcatraz AI has redefined secure access control delivering intelligence at the door to make your face your credential. Using the power of machine learning, Alcatraz AI provides a touchless and autonomous access control solution that lets authorized users enter secured spaces quickly, and prevents those that don’t belong from gaining access. With advanced tailgating detection, no integration needed to existing access control, multiple user enrollment options, and video events at the door – Alcatraz AI is the solution to protect your most critical assets.