A person’s most valuable and often utilised asset is their identity. Identity verification is used to demonstrate that the person’s identity matches what they say it is. It determines whether a person is actually hiding behind the persona he presents.

We’re starting the new year with a conversation focused on securing critical infrastructure. The issue, of course, is that we’re seeing increased threats and cyberattacks on critical infrastructure. Not to mention the war in Ukraine. This collective threat is a rallying point, bringing together cyber professionals from around the world, as well as their respective countries.

Policyholders prefer a digital style of interaction over a physical one. However, identity verification problems frequently stand out, which causes significant onboarding dropout rates. This blog article examines how to resolve this using an AI-powered verification method. According to a recent study, 44% of those between the ages of 18 and 29 who had insurance purchased their plans online. This proportion is expected to rise as broadband penetration rates continue to rise.

When someone impersonates you by exploiting your personal information to perpetrate fraud or gain other financial advantages, this is known as identity theft or identity fraud. Your personally identifiable information includes your name, residence address, email ID, login and passwords, Social Security number, driver’s license number, passport number, or bank number.

It’s reasonable to say that most of us have participated in the playing of at least one video game. Over 3 billion individuals across the world now spend their free time playing video games, whether they do it on a console, a computer, or a smartphone. It should come as no surprise that the market is thought to be worth over $300 billion. Since the advent of Pong, an Atari video game with a table tennis theme, in 1972, the industry has seen significant development.

Banks still struggle to properly integrate clients even though the majority of financial institutions (FIs) have explicit digital-first initiatives to automate & optimise their backend operations. The majority of corporate clients need an easy-to-use onboarding process with little human involvement and foolproof verification, but due to strict compliance requirements and a high demand for customization, this is a challenging challenge.

Eighty percent of modern attacks are identity-driven. Why would an attacker hack into a system when they can simply use stolen credentials to masquerade as an approved user and log in to the target organization? Once inside, attackers increasingly target Microsoft Active Directory because it holds the proverbial keys to the kingdom, providing broad access to the systems, applications, resources and data that adversaries exploit in their attacks.

As a new alternative to offline seller onboarding, a new digital onboarding method is being tested by amazon for verifying the identity of merchants online, this biometric verification system uses facial recognition in the form of Face Match for automated identity verification to onboard vendors. According to a post issued from the online business giant – Amazon, the test will be made available to potential sellers in the United States as a voluntary option starting today.

Passport verification is a process that is used to confirm a person’s identity using their passport as proof of identification. In the housing industry, this process is commonly used to verify the identity of prospective tenants or buyers before they are allowed to rent or purchase a property. This is often done as part of the overall background check process to ensure that the person is who they claim to be and to protect against fraud or other illegal activities.

The customer experience at the world’s biggest banks and fintech firms is undergoing a significant change. Because of technological advancements, account users may now not only transfer money online but also log in using Identity Verification using face match technology and do a variety of operations using simply their smartphone and its front camera. Technology in this area has made things faster, easier, and safer during the last decade.