Bad employee cybersecurity habits are leaving businesses at risk: Study

Bad employee cybersecurity habits are leaving businesses at risk: Study

SME insurer Superscript 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 have insurance 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.

iDenfy’s biometric ID verification ensures convenient and secure loans for Credex

iDenfy’s biometric ID verification ensures convenient and secure loans for Credex

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 selected to join Endeavor

Alcatraz AI selected to join Endeavor

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.

Fingerprint Cards reveals biometric card collaborations in India

Fingerprint Cards reveals biometric card collaborations in India

Biometrics company, Fingerprint Cards AB (Fingerprints) and Mswipe, one of India’s leading end-to-end digital enablers for SMEs, will collaborate and bring biometric debit and credit cards to India, targeting 940 million active payment card customers. Fingerprints’ proven biometric technology, along with Mswipe, who is India’s largest independent mobile POS merchant acquirer and network provider, will target around 100,000 existing customers. The collaboration will feature Fingerprints’ T-Shape® module and software platform.

“We are happy to collaborate with Mswipe, being a leader of digital payment provider in India. With the wide partner portfolio secured by Mswipe, we truly believe adding biometric solutions to their product range will add convenience and easy payments for merchants and consumers in the region. Contactless and digital payments are growing fast in India, as consumers are choosing touch-free, safe and seamless ways to pay,” says Michel Roig, President of Payments & Access at Fingerprints.

“We selected Fingerprints’ biometric solution as the leading technology in the market. It offers proven biometric performance and the lowest power consumption, features which are of the highest importance for contactless biometric cards. Introducing biometric payment cards offers great benefits for our merchants and consumers alike, as contactless payments in India continue to grow quickly,” says Manish Patel, MD at Mswipe.

Fingerprint Cards and Transcorp, a 27-year-old Reserve Bank of India-regulated Prepaid Instruments license holder, have also collaborated to bring cutting-edge biometric technology to India. Transcorp has pioneered and democratized co-branded cards in India for fintechs and has a varied and broad portfolio of B2B partners. The biometric cards to be launched will feature Fingerprints’ T-Shape module®, which is tailored to be integrated in biometric payment cards using standard automated manufacturing processes.

“We are pleased to collaborate with Transcorp, to bring state of the art contactless biometric cards to Transcorp’s customers. This collaboration will bring consumers in India a more secure, fast, and convenient payment experience. We see huge potential in India and the APAC region since contactless payment transactions have been increasing year-on-year,” says Michel Roig, President of Payments & Access at Fingerprints.

Ayan Agarwal, who heads the PPI Business at Transcorp, added, “In the spirit of financial innovation and payments security, we are thrilled to collaborate to launch India’s first contactless biometric authenticated card! This will further expand offerings to over one million Transcorp customers. Delivering this project required the approvals of many entities, which Transcorp was able to secure in record time. This reinforces continuous successful efforts to enable Transcorp’s fintech partners to achieve their desired milestones by aligning stakeholder deliverables.”

Biometrics Institute releases updated Privacy Awareness Checklist

Biometrics Institute releases updated Privacy Awareness Checklist

The Biometrics Institute has released its updated Privacy Awareness Checklist, to help members of the Institute work through critical privacy issues right from the start of their biometric journey, and to remind them to treat privacy as a key issue in their organisation.

The Privacy Awareness Checklist (PAC) was first published in 2013. As with all its guiding material, the Institute conducts regular reviews of its guiding material to ensure they stay relevant and that any global changes in technology or legislation are reflected. The checklist is the result of extensive consultation by the Institute’s Privacy and Policy Expert Group (PEG) who engaged with other groups and key stakeholders to ensure that it covers a broad range of issues for different countries, jurisdictions, and sectors.

“Biometric technology continues to develop at pace, affecting a growing number of organisations worldwide,” says Isabelle Moeller, Chief Executive of the Biometrics Institute. “To aid members, the checklist is designed to be a simple and concise resource to raise awareness of privacy concerns whilst being universally useable. It encourages organisations to discuss their Personal Information processing, assess risks and threats, consider privacy awareness and training, and maintain a strong privacy and data protection environment.”

The membership organisation is launching its updated Privacy Awareness Checklist in Privacy Awareness Week (2-8 May 2022) whose theme this year is ‘Privacy: The foundation of trust’.

“Trust is at the centre of everything we do with biometrics,” adds The Hon Terry Aulich, Head of the PEG, “and it is an organisation’s responsibility to treat biometric data responsibly and ethically. The PAC will be an extremely useful tool to work through key considerations for biometrics and privacy.”

The Institute provides a range of good practice material to help guide its members, and the updated checklist references and is aligned to its Good Practice Framework and Privacy Guidelines.

The Biometrics Institute’s Privacy and Policy Expert Group comprises members from many countries and sectors and includes government privacy authorities, academics, social media organisations and legal experts.

FacePhi presents audited accounts for 2021

FacePhi presents audited accounts for 2021

FacePhi, a leading technology company in user digital identity verification, has released its consolidated audited annual accounts for the 2021 financial year. This report confirms that last year the company obtained the highest turnover in its history, 13.16 million euros, as announced in the preview of annual results presented in February at the Palacio de la Bolsa in Madrid.

In 2021, the company raised its turnover by more than 81% compared to 2020, thanks to the increase in new contracts and the renewals and extensions of existing deals.

Thanks to its firm commitment to the growth of its structure and international commercial expansion, the company obtained an adjusted EBITDA of 1.88 million euros, without taking into account the extraordinary cost incurred as a result of the compensation agreed for the voluntary dismissal of one of the company´s Managing Directors.

The revolution accompanying companies in their digital transformation

Since 2012, FacePhi has been developing state-of-the-art technology that allows users’ identity to be securely verified, thanks to its digital onboarding and authentication solutions. In October 2021, the transformation of its business model began with the launch of the most complete Digital Identity Verification platform on the market: FacePhi Identity Platform.

This innovative solution, which will revolutionise the digital identity market, makes FacePhi’s technology the most accessible for companies immersed in a digital transformation process, regardless of their size or the type of industry to which they belong. This advance in its business model will allow the company to reach more customers faster, boosting its growth and expansion over the coming years.

FacePhi’s unstoppable business growth is due, in large part, to the push it made in 2021 to strengthen its structure. Last year the company increased its workforce by 207% compared to 2020, reaching the figure of more than 175 employees, of which almost 70% have technical profiles.

This investment allowed the formation of a multidisciplinary team capable of continuing to develop the best digital identity verification technology, strengthening the commercial team and fostering their alliances with partners, thus promoting the expansion of the company’s technology globally.

Since its inception, FacePhi has worked tirelessly on the development of its technology, and since 2014 it has been the leading provider of identity verification technology in Latin America among companies in the financial industry, one of the most regulated and demanding in terms of security. This is an industry in which it continues to take important steps, being chosen in 2021 by Banco Santander as one of its main suppliers.

The company’s desire to develop the best and most adaptable technology has led it to demonstrate that any company in the world can use its products, verifying user identity with the highest level of security. This has allowed FacePhi to obtain more than 120 clients and to conquer new international markets, entering Chile, Vietnam and Nigeria for the first time.

In addition, in 2021 the company has made the leap to other industries, such as travel and transport, sporting events and Public Administrations, establishing important projects with companies such as Aena, Latam Airlines, Valencia C.F and the Nigerian government. In this way, FacePhi demonstrates that its solutions can be applied within any company in any industry, highlighting its great growth potential.

All this has come in a yea

IDEMIA PreCheck enrollment initiative expands to more US airports

IDEMIA PreCheck enrollment initiative expands to more US airports

Because a first pilot was so successful, IDEMIA is now launching its new PreCheck enrollment initiative in Jackson, MS, at Louisville’s Muhammed Ali International Airport (SDF) next week for another two-week pilot program.

There are more markets on the way including Nashville and Gulfport later this month. The SDF program kicks off with a press event on Monday, May 2 and launches for travelers on May 5.   

The system can help those travelling to the 148th annual Kentucky Derby enrollment in TSA PreCheck without an appointment to:

  • Receive Known Traveler Number (KTN) within 3 to 5 days.  
  • The new initiative will be available at SDF from May 5 through May 16. 
  • Teams will be stationed at carts equipped to enroll passengers throughout the airport.  
  • IDEMIA will be testing the program across three operational scenarios: pre-security, post-security and in the gate area. 
  • First piloted at the Jackson Medgar Evers Wiley International Airport (JAN) in Mississippi in March 2022. 

 

IDEMIA’s biotechnology plays a pivotal role in all aspects of the secure identification of travelers throughout their whole airport experience.  

  

Face Forensics announces new object recognition technology,

Face Forensics announces new object recognition technology,

Face Forensics has extended its image matching capabilities to finding any object in an existing database
containing images, regardless of format, size, and even if only partially visible. Using an enhanced
version of its crime scene matching technology together with image enhancement, objects as large as
buildings and as small as a ring can be matched.

Coupled with enhancements to its tattoo and face
recognition algorithms, the f2 Image Recognition Suite is an indispensable addition to any agency’s
forensic capabilities.

The system includes automatic analysis and enrollment of the pattern and other characteristics of
images in a database, automatic batch import and enrollment of images in a folder, and automatic
detection and enrollment of new images that are added to external databases.
Images, and the objects in them, can be of anything solid with distinguishing features, e.g. vehicles,
flags, logos, jewellery, etc.

The software can be used stand-alone or integrated into existing systems, and there is no limit to the size of the databases to be searched.

The f2 Image Recognition Suite and the modules in it are available as a stand-alone/networked
application, as a .NET SDK, and as a web service. It connects easily to images in existing industry-
standard databases.

The suite is available for evaluation at no charge by government agencies and suppliers to them. Full
online assistance is available.

Elon Musk pledges to ‘authenticate all humans’ following Twitter purchase

Elon Musk pledges to ‘authenticate all humans’ following Twitter purchase

As we saw in Elon Musk’s comments this week, digital authentication is one of the biggest trending topics in Identity at the moment, from finance, to travel, to social media, we’re all looking at how we can improve the user journey and make it safer.

With over 50 sessions across 5 different stages, grab a delegate pass for Identity Week Europe 2022 and be part of the discussions that are shaping the future of Identity.

Exploring case studies in identity initiatives led by the government in partnership with private organisations like Twitter, but including financial institutions and beyond. We explore efforts in surpassing challenges in interoperability, supporting financial inclusion, and upholding the principles of data privacy.

Speakers include:

Emrys Schoemaker, Research Director, Caribou Digital

Herbert Leitold, Secretary-General, Secure Information Technology Center Austria Government

Cheryl Stevens MBE, Deputy Director Identity, Trust and Fraud and Error Prevention, DWP

Tim Speelman, Coordinating Policy Officer, Digital Identity, Ministry of the Interior and Kingdom Relations, Netherlands

Kendrick Lee, Director, National Digital Identity, GovTech Singapore

Claire Godron, Market owner Digital ID & Onboarding solutions, Thales

Sessions include:
Smart Digital ID Wallets

An in-depth discussion where panellists will look at the technology advancements in digital ID wallets and how smart digital ID makes for a better privacy experience. And moreover, what does the future of identity look like?

Steve Pannifer, Managing Director, Consult Hyperion
Nick Mothershaw, Chief Identity Strategist, Open Identity Exchange
Arjan Geluk, Lead Principal Advisor, UL Identity Management and Security
Kristel Teyras, Chairwoman of the Digital Identity Workgroup, Secure Identity Alliance

 

Plus over 50 more – See the full agenda here.

Other topics at Identity Week Europe’s Conference this year include;

> Document Security> Fighting Document Fraud> Digital Onboarding> IAM> Data & Analytics> Verification and Authentication> Secure Credentials> Biometrics

Sit in on sessions hosted by industry experts looking at compelling case studies from industry giants, cutting-edge technology advancements and insights.

UK govt challenged on cameras deal

UK govt challenged on cameras deal

The Biometrics and Surveillance Camera Commissioner Fraser Sampson has challenged central and local government ministers to clarify their positions on buying surveillance cameras from controversial tech company Hikvision, which is part-owned by the Chinese state.

The move comes after media reports quoted an unnamed Whitehall source saying that Health Secretary, the Rt Honourable Sajid Javid, had banned Hikvision for competing for new business in the Department of Health after a procurement review revealed “ethical concerns” about the company.

Professor Sampson, the independent Biometrics and Surveillance Camera Commissioner, has repeatedly challenged Hikvision to come clean about the extent of its involvement with the Chinese state’s human rights abuses in Xinjiang. However Hikvision has, for more than eight months, failed to answer the questions put to them.

Professor Sampson has raised the matter in a formal letter sent to the Rt Hon Michael Ellis QC MP, Minister for the Cabinet Office and Paymaster General, and to the Rt Hon Michael Gove MP, the Secretary of State for Levelling Up, Housing and Communities, who is the minister responsible for local government. Mr Javid was copied into the correspondence.

Hikvision cameras and facial recognition technology have been implicated in systematic human rights abuses against the Uyghur people and other minorities in the Xinjiang province of China. The British Government has already formally recognised that widespread, systematic persecution in Xinjiang, including the extra-judicial detention of over a million Uyghur Muslims and other minorities. This persecution is known to rely heavily on surveillance technology including facial recognition software designed to detect racial characteristics.

Professor Sampson said: “If it is the case that the Department of Health has ruled out Hikvision from future procurement exercises, then that is a step in the right direction as far as I am concerned.

“There are serious unanswered questions about Hikvision’s involvement in appalling human rights abuses in China. The company seems unwilling or unable to provide assurances about the ethics of some of its operations and about security concerns associated with its equipment.

“If companies won’t provide the information needed to do proper due diligence in relation to ethics and security, then they clearly should not be allowed to bid for contracts within government, or anywhere else in the public sector for that matter. If Mr Javid has banned Hikvision for those reasons, then he should be congratulated.

“If the decision as reported is true, the same considerations would apply equally to all branches of government, and, arguably, the whole of the public sector. If other areas of national and local government have carried out due diligence in relation to their human rights obligations, I’d be interested to see the information they used; if they haven’t then I’d be interested to understand how the risks are being properly addressed.”

In his letters, Mr Sampson also raises concerns about potential security implications of the use of surveillance equipment with dormant functions, such as voice recording and facial recognition, which can be switched on remotely.

iDenfy joins RBFC Global

iDenfy joins RBFC Global

The digital identity verification and fraud prevention company from Lithuania, iDenfy, partnered with RBFC Global, the online payment and global currency exchange business. iDenfy’s swift, automated identity verification detects fake identities and stops fraudulent transactions on the payment institute’s network.

The increasing scale of identity theft in the financial sector has pushed companies to strengthen their security systems. In many cases, the efforts go to implementing full-stack identity verification services to verify newly registered clients and protect existing ones. Verifying genuine customers through ID verification also means that the company complies with regulations such as Know Your Customer (KYC) and Anti-Money Laundering (AML). According to a recent report by Zippia, 41% of financial institutions are inadequate to meet AML compliance, which makes them exposed to more risks. As a solution, fraud prevention specialists recommend continually looking out for suspicious activities via automated fraud prevention measures. However, businesses also consider the customer experience and the expectation for easy, quick, and secure services. If the identity verification takes too many steps, customers tend to abandon the platform despite the company’s efforts to prevent fraud. RBFC Global’s goal is to provide safe money transfers, prevent fraud and deliver a smooth customer experience. That’s why the licensed payment institute from New Zealand searched for a balanced solution and found iDenfy’s user-friendly authentication service. RBFC Global offers online financial services such as remittance and currency exchange to a wide variety of private and institutional customers. According to the enterprise, since they don’t engage

in face-to-face interactions like in traditional banking, it’s important for them to have a supporting platform that can safely identify the customers remotely.

iDenfy specializes in fraud prevention services, helping businesses detect suspicious transactions faster due to the help of artificial intelligence. The company is best known for its online identity verification solution. Each identity document is reviewed in real-time, completely eradicating the chances of card fraud. iDenfy’s whole process is backed up with human supervision to improve the number of successful verifications.

Veridas passes the iBeta PAD Level 2 evaluation of ISO/IEC for its liveness detection technology

Veridas passes the iBeta PAD Level 2 evaluation of ISO/IEC for its liveness detection technology

Veridas, a company specialized in the development of biometric solutions for digital identity verification, has obtained the ISO 30107-3 compliance report after passing the Presentation Attack Detection (PAD) level 2 test conducted by iBeta Quality Assurance. This is a further milestone in its commitment to the continuous improvement of its software and the independent evaluation of biometric technologies.

In this way, Veridas joins a small number of technology companies in the world present in the NIST facial biometrics assessments, and also compliant with ISO 30107-3, being the only company in the world if the NIST voice assessment is added.

Veridas liveness detection passed the first level of iBeta in December 2020 and has now successfully completed the second level assessment. In this case, over 700 impersonation attempts have been passed with 100% effectiveness.

What is Presentation Attack Detection (PAD)?

Within the field of biometrics, presentation attacks consist of presenting a fraudulent human artifact or feature to the biometric capture subsystem in a way that interferes with the policy of the system itself. That is, they consist of showing the camera a consistently manipulated artifact or biometric feature to fool the biometric system. That is why the detection of such, which plays a vital role in ensuring the reliability of the process, is relevant in facial recognition systems. Presentation Attack Detection (PAD) methods allow discerning between fraudulent and real biometric data.

What is iBeta and ISO 30107-3?

iBeta Quality Assurance is a biometric laboratory accredited by the FIDO (Fast Identity Online) Alliance and authorized as a testing laboratory by the National Voluntary Laboratory Accreditation Program (NVLAP) in accordance with ISO/IEC 17025: 2017. iBeta’s Quality Assurance experts work with a wide range of biometric technology companies to ensure products perform to the highest industry standards.

ISO 30107-3 is the test method designed to simulate user enrollment in a biometric authentication system. It is the way to test the effectiveness of liveness detection. Level 1, focused on simpler attacks, focuses on high-resolution digital and paper photos, high-definition challenge/response videos and paper masks. Level 2, focused on more sophisticated attacks, tests with realistic dolls and 3D masks made of resin, latex and silicone, as well as faces synthesized by digital imaging.

Veridas at the forefront of the fight against fraud

Compliance with the ISO 30107-3 level 2 standard once again demonstrates the robustness of Veridas solutions against identity fraud and possible attacks that may be carried out in the online registration and authentication processes of its customers.

Veridas incorporates a high layer of anti-fraud technology throughout its software, from the capture of data by the user, to the analysis and verification of this evidence by its Artificial Intelligence engines

The Paypers introduces the Financial Crime and Fraud Report 2022

The Paypers introduces the Financial Crime and Fraud Report 2022

The Paypers has launched the Financial Crime and Fraud Report 2022, a comprehensive overlook of the current landscape of digital onboarding, fraud management, and financial crime in financial services.

Following the footsteps of its predecessors from past years, this year’s report looks to paint a complete picture of what is currently happening in the fraud and financial crime space, set in the backdrop of a world that tries to recover from a pandemic and an economy that is (and probably will continue to be) deeply affected by war.

The report’s mission is to highlight once again the importance of fighting fraud and financial crime, especially now, when fraud across the globe is increasing (as of the end of January 2022, according to the Office of National Statistics), money laundering-fuelled exploitation of vulnerable people continues to ravage the world, the sheer financial dominance that criminal drug organisations have over government bodies and institutions threatens the economic stability of entire states, forests are illegally cut down, money launderers and terrorist financiers continue to exploit legal loopholes. With just less than 1% of ill-used money being captured and restored, we must understand that there is still a lot to do to better our chances against fraud and financial crime.

Going beyond the report’s mission, this year’s iteration features experts, industry associations, top players, consultants, and financial institutions that have been co-opted to share valuable insights on crucial themes. To highlight some of the key topics found in the report, we mention: creating safe digital economies using IDV solutions, the role of digital ID in establishing trust and enhancing digital onboarding processes, BNPL fraud, corporate identity theft, the benefits of having a risk-based approach to prevent fincrime, regtech in the Metaverse and regtech trends, tackling fraud through collaboration, among many others. The Financial Crime and Fraud Report 2022 also features the latest technology advances for preventing fraud and the new opportunities that appear in tackling the challenge ahead. With the world going online these past few years, we have noticed record-breaking numbers of online fraud rates, with account takeover and identity fraud taking the lion’s share of the heap. APP (authorised push payment) fraud has surpassed card fraud in the UK as a result of the pandemic, while corporate identity theft increased by 46% in 2020.

Financial institutions stand to lose greatly unless they opt for fast, secure, and seamless online experiences for their customers. Experts argue that digital businesses can prevent that via built-in KYC (know your customer) features that will keep fraudsters at bay while improving customers’ journeys.

The report goes through the new dynamic the Metaverse brings, along with new digital customer journeys which are ripe for the take when fraudsters are concerned. Besides the Metaverse, the gambling and virtual sports betting world can benefit too from establishing stronger digital trust at the user journey’s beginning via identity verification, age verification, parent/guardian verification, among others, all of which can make for a clearer, more secure space for all users.

Since it is said to be easier to prevent than to treat, spotting financial crime before it happens trumps having to deal with its effects. Labour costs, increasing regulations, and evolving criminal threats are at the bottom of the high costs that come with financial crime compliance. As regulators continue to make laws stricter and fines more expensive, the report tries to explain the importance of AML (anti-money laundering) compliance, the risks of avoiding it, and the reasoning behind the wider financial crime prevention scene.

The report features an industry mapping of the key players in financial crime and fraud prevention, also revealing their backgrounds, core services, unique selling points, and business partners via in-depth profiles. This overview of the fraud solution providers aims to help merchants, fintechs, and payment service providers grasp the current market opportunities.

The Financial Crime and Fraud Report 2022 is endorsed by Consult Hyperion, KuppingerCole, and FINTRAIL’s FinTech FinCrime Exchange. You can download your free copy here.

PhonePe and FIDO Alliance among the latest to confirm speakers for Identity Week Asia

PhonePe and FIDO Alliance among the latest to confirm speakers for Identity Week Asia

The organisers of Identity Week Asia can’t wait to welcome you back to Singapore in-person for Asia’s No.1 Identity event.

From 6 – 7 September, experience a series of high-level conference sessions, networking events and dynamic roundtable discussions focused on accelerating progress and development in Identity.

The conference has revealed its latest speakers:

Anuj Bhansali, Head – Trust & Safety, PhonePe

In a heavily digitalised age, new online threats and fraud opportunities are rife! As the Head of Trust & Safety at PhoneBe, one of Asia’s largest Digital Payments Apps, Anuj will be sharing his thoughts on countering the next generation of threats to identity, trust, safety and security as part of a panel on ID in Payments and eCommerce.

Joon Hyuk Lee, APAC Market Development Director, FIDO Alliance

Joon is the APAC Market Development Director at FIDO Alliance, a global consortium working to create open standards and an interoperable ecosystem for simpler, stronger user authentication. Joon will take to the stage this September to shed light on authentication in Identity Access Management (IAM) ecosystems.

Did we mention that tickets normally cost US$695 but if you book now, they’re just US$195?! Don’t miss out on the action & grab your pass today

New Keynote Speaker revealed at Identity Week

New Keynote Speaker revealed at Identity Week

Identity Week 2022 has got an action-packed event this June with Identity trail-blazers, disruptors and innovators already counted in.

The event has revealed its latest speaker – Luca Pronzati, Chief Business Innovation Officer at MSC Cruises

As Chief Business Innovation Officer at MSC Cruises, the world’s largest privately-owned cruise line, Luca Pronzati has led the Company through groundbreaking digital transformation, disrupting the retail model onboard the newest smart ships and setting the standard of digital excellence at sea.

The seamless travel experience is a top priority for MSC Cruises. Luca will be speaking about developments on their Cruise Terminal experience in Miami, a developing case study over the past two years that leverages biometric technologies to authenticate travellers and maintain a high level of security.

Join more than 4,000 of your peers at the world’s leading event for Identity professionals across finance, ecommerce, healthcare, government, travel and more.

 

Identity Week America show already 70% sold

Identity Week America show already 70% sold

NEC, Paravision, Thales, Clearview AI, Idemia, Lexis Nexis Risk Solutions  are just a few of the big names present this October at Identity Week America and the show is already 70% sold, revealed the organisers.

Companies can still secure brand presence at the largest Identity-focused event in America, and place your brand directly in front of thousands of senior decision-makers – but hurry – you’ll need to get in there fast before space runs out!

Whether you’re interested in brand awareness, building a valuable database of leads, making sales or showcasing your products/ solutions in person – there are booth packages to suit all objectives.

UK invites tenders for mobile biometric enrolment devices

UK invites tenders for mobile biometric enrolment devices

The UK government is offering a £450,000 (US$588,000) contract for the purchase of multifunctional Mobile Biometric Enrolment (MBE) devices from a single supplier.

A statement from the Home Office said the aim of the project is to reduce the need for wet ink capture and enable a solution which can connect to the Authority’s biometrics database to digitally enrol fingerprint and other biographic data.

The solution will consist of a fingerprint scanner which includes MRZ functionality, and can communicate with an Android smartphone with an electronic notebook application. The tendered contract will also include a requirement for maintenance and support of the devices for a minimum 3-year period.

The contract is for the purchase of 150 Mobile Biometric Enrolment Devices with minimum 12 month warranty and ability to extend warranty for life of contract. Devices will need to be mobile (hand held) and able to enrol biometric and biographic data for enrolment rather than just verification purposes. Contract will be 3 years with option to extend 2 x 12 month periods to cover on-going support services. A software development kit will be required to integrate device with the Home Office android mobile phones. Additional support will be expected during this time to ensure successful integration. Full details of the requirement can be found in the ITT documentation.

The Bidder’s proposed device will be physically tested as part of the ITT evaluation criteria, to ensure it meets the need for both identity verification and enrolment on to the Authority’s biometrics database in environments Immigration Officers are expected to use the device, (detailed in the procurement documents). Suppliers need to note that 3 product/prototype devices must be with the Authority for testing at the same time the ITT phase of the Restricted Procedure closes.

If a Supplier fails to submit a device by this date and time, they may be deemed to have not submitted a compliant bid and that may lead to exclusion from the competition at the Authority’s absolute discretion.

Neurotechnology’s fingerprint algorithm maintains top Nist ranking

Neurotechnology’s fingerprint algorithm maintains top Nist ranking

Neurotechnology, a provider of deep learning-based solutions and high-precision biometric identification technologies, today announced that the company has confirmed the first place position in the NIST Proprietary Fingerprint Template (PFT) III evaluation results released on March 7, 2022. Since 2019, Neurotechnology’s fingerprint recognition algorithms have held the number one position in NIST PFT evaluations as the company has continued to innovate and improve both the speed and accuracy of their biometric algorithms.

The highly accredited National Institute of Standards and Technology (NIST) has, with its Proprietary Fingerprint Template (PFT) evaluation, provided the largest and most recognized ongoing assessment of fingerprint verification available today. Since fingerprint templates are not necessarily standardized across all vendors, each algorithm developer uses their latest technology to showcase the full potential of their indvidual algorithms. Neurotechnology’s top position in PFT III demonstrates the fully enhanced capabilities of the company’s latest R&D advancements.

The Proprietary Fingerprint Template evaluation determines the algorithmic capabilities of one-to-one fingerprint verification and assesses the accuracy of final stage fingerprint matchers used in one-to-many Automated Fingerprint Identification System (AFIS) searches. The most recent generations of the PFT evaluation cover:

PFT II: one-to-one fingerprint verification evaluation. Active between 2010 and 2019, PFT II was used to evaluate plain versus plain, plain versus rolled, and rolled versus rolled fingerprint verification scenarios and reported template extraction times, template sizes, and match times.
PFT III: the continuation of the previous PFT generation evaluations now includes several PFT III-specific datasets.
To provide a more comprehensive comparison of algorithmic function, NIST included in this current evaluation the accuracies that were being tested in the PFT 2003 and PFT II evaluations. This process provided a comparison of the algorithm submissions across all current and former PFT evaluations.

Zwipe Access integrated with LEGIC Security Platform

Zwipe Access integrated with LEGIC Security Platform

Zwipe, a leading provider of on-card biometric solutions, has partnered with LEGIC Identsystems, one of the leading experts in end-to-end security for smartphone and smartcard-based access and mobility solutions. The partnership will provide end-to-end biometric access control solutions using LEGIC’s Security Platform.

On the backdrop of increasing requirements for security, data privacy and GDPR compliance, Zwipe and LEGIC Identsystems have successfully combined their respective high performance and innovative technologies for a next generation biometric system-on-card for access control. This solution provides highly secure multi-factor authentication integrated in an ID-Card form factor.

Speaking on the partnership, John Harvey, Head of BU Access Control at LEGIC said, “Zwipe’s embedded biometric verification in batteryless smartcards adds a revolutionary new layer of security to the huge installed base of LEGIC card-based access control systems worldwide. This innovation brings benefits that were formerly only available on smartphone solutions, while preserving existing infrastructure and drastically reducing time-to-market ”.

“We are very excited with our cooperation with LEGIC, one of the leading global providers of end-to-end security platforms for smartphone- and smartcard-based access, mobility, shared resource and industrial IoT applications. We are already working on several sharp customer cases based on LEGIC’s Security Platform. We are confident this is only the start of a long series of opportunities with LEGIC”, said André Løvestam, CEO of Zwipe.

Zwipe Access adds two-factor authentication to existing contactless card-based access control systems without the need to upgrade any of the existing infrastructures, meaning that no new readers, pin pads or cameras need be installed at the doors, gates, or turnstiles. The authorized user’s fingerprints data are captured, using the card’s integrated fingerprint sensor, encrypted, and then stored in the card’s secure element.

The biometric data are not shared with anyone, and no database is needed which ensures privacy and simplifies the path towards GDPR’s compliance. The biometric verification on card ensures that only the legitimate cardholder is granted access. Zwipe Access is contactless, batteryless and easy to use, with significantly shorter transaction time than conventional biometric access control systems.

Identity Week Europe 2022 opens visitor registration

Identity Week Europe 2022 opens visitor registration

The organisers of Identity Week Europe 2022 have advised that free expo visitor registration is officially open.

Visitors will have access to 150+ exhibitors, 100+ start-ups, 2 days’ worth of seminars & keynote speeches, and numerous networking opportunities.

*The first 500 to register will be in with a chance of a free Conference ticket upgrade worth £995.

Join the expo on 28 – 29 June 2022 at London’s ExCeL for two days of non-stop insights, inspiration and opportunities.

There are over over 250 brands to explore at Identity Week Europe this June, meet exhibitors from across the entire Identity supply chain, from the major OEMs to the next big unicorn SMEs.

The carefully curated free seminar theatre will play host to many of the most influential and innovative Identity professionals.

From Designing a Cloud-Based Blockchain Identity Management System to How to Drive Financial Inclusion through Digital ID in Developing Economies, get answers to some of the biggest questions facing the Identity industry right now.

A key area of Identity Week Europe, this year you can explore more than 100 businesses in our Start-up Village.

Don’t miss  Start-up Pitches – Where you can hear short elevator pitches from top start-ups present at Identity Week Europe.

In-depth, compelling interviews and demonstrations with all the leading Identity big-thinkers, trail-blazers, disruptors and innovators.

All the content gathered from Identity Week Europe 2022 will be available to watch on our NEW youtube channel, launching in June.

In an age of email fatigue, in order to build those all-important business relationships you need to go where your customers are – Exhibitions & conferences. Join over 4,000 of your peers for unparalleled networking opportunities.

As above, the first 500 to register for the FREE expo will be in with a chance of a free Conference ticket upgrade!