Banks have invested countless millions in Know Your Client and Know Your Customer verification, but they haven’t been able to use this knowledge beyond regulatory “check the box” procedures that can irritate clients and even cause some of them to switch banks. However, things don’t have to be this way.

In this episode of the Trust Issues podcast, host David Puner interviews Nigel Miller, Director of Security Operations and Engineering at Maximus, a company that provides process management and tech solutions to help governments improve their health and human service programs. Nigel discusses his role in keeping the company’s nearly 40,000 employees cyber-trained and secure.

Over the last 3 years, Identity Verification in India has seen a marginal boost in the number of verifications conducted digitally. The market growth in the identity verification sector comes as an effect of the disastrous pandemic that caused record-high identity theft, ATOs, and numerous other frauds all initiated through fake identities, resulting in rapid innovation in identity verification API.

It’s seldom easy to predict what a hacker will do exactly. Cybercriminals frequently act out of impulse and chance rather than following a rational course. The Identity Theft Resource Center (ITRC) believes it has a preview of what lies ahead in 2023 after studying patterns in the second half of 2022. Takeovers of social media using identity theft, either assuming fake profiles or claiming an original profile was popular in 2022.

As organizations are looking to streamline processes and enhance security, pursuing automation in identity and access management is a key area businesses can target. By pursuing automation in identity and access management, IT teams can free up time to work on more important tasks, and reduce the friction required in managing team member and vendor access across necessary accounts, data and applications.

Identity governance and administration (IGA) helps organizations give each person the right access to the right IT resources, at the right time and for the right reasons. Let’s take a look at 6 core best practices for successfully implementing IGA, as well as some tips for choosing the right tool.

Self-checkout kiosks are automated devices that enable consumers to scan and pay for their products without the help of a cashier. By this point, we’ve all encountered them. They are frequently seen at supermarkets, department shops, and other retail locations where it is possible to skip tedious manual check-out.

In Africa, there are a plethora of banking prospects. The area is a “sleeping giant” when it comes to having access to conventional bank accounts, online banking, and reasonably priced financial services. Identity Verification APIs are now providing resolutions to the finance sector with their old customer onboarding woes in Africa. The World Bank estimates that 57% of Africans still don’t have a bank account of any type, including a mobile money account.

This year, 2023, digital identity verification will take on greater urgency. This is largely due to the fact that fraudsters stole more than $11.4 billion through account takeovers (ATOs) last year, while account origination fraud is predicted to cost $5 billion by 2024. The world of technology and everything linked with it moves at a breakneck pace. Identity verification is no exception.