1Kosmos’ Post

APAC fintechs struggle with escalating threats like synthetic identity fraud, where fraudsters fabricate fake personas using real individuals’ Personally Identifiable Information (PII). Read more here: https://lnkd.in/g6vGph7b Telesign #fintech #fraud #security #regtech

With the rise of cybercrime and the ever-present threat of various forms of payment fraud, cardholders, more than ever, are concerned about the security of their payment methods. Biometric authentication is stepping up to meet that demand. Just as we've experienced the normalizing of fingerprint and facial recognition for securing access to various technologies, some analysts believe we are just a few short years from this being the norm with our payment methods as well. #BiometricAuthentication #Payments #PaymentSecurity #DigitalPayments https://lnkd.in/gKbsv-TS

Highly recommend read : "Rising identity crime has caused a surge in breaches and business attacks, with consumer identity fraud on the rise, in 2024 , it is expected to contribute to global cybercrime costs of $9.5 trillion." AuthenticID in partnership with PEAK IDV released the 'State of Identity Fraud 2024' report, detailing fraud tactics, insights, tools fraudsters use ( darkweb , FaaS , deep fakes , profiling & location masking tools ) and future technologies for fraud prevention. The report spans finance, telecom, sharing economy, ecommerce, government, gambling, and healthcare sectors. https://lnkd.in/dFW6uf9v #identityfraud #identitytheft #cybercrime #genai #financialcrime #phishing #cyberattack #fraudprevention #ai #regulatorycompliance #socialengineering #darkweb #faas #deepfake

APAC fintechs struggle with escalating threats like synthetic identity fraud, where fraudsters fabricate fake personas using real individuals’ Personally Identifiable Information (PII). Read more here: https://lnkd.in/gadqxpF8 Telesign #fintech #fraud #security #regtech

Decentralized digital identity minimizes damage from identity theft by: 1. Immutable Records: Prevents tampering with personal data. 2. Self-Sovereign Identity: Gives users control over data sharing. 3. Zero-Knowledge Proofs: Verifies identity without revealing data. 4. Decentralized Authentication: Eliminates centralized authentication. 5. Enhanced #Security: Utilizes multi-factor authentication and biometrics. 6. Auditable Trails: Provides transparent identity transaction tracking. Overall, decentralized digital identity solutions offer a more secure and privacy-enhancing alternative to traditional centralized identity systems, helping to reduce the damage caused by identity theft and protect individuals' personal information from unauthorized access or misuse. Schedule A Free Demo: https://lnkd.in/dZrgq6R9 #DecentralizedIdentity #IdentityTheftProtection #ImmutableRecords #SelfSovereignIdentity #ZeroKnowledgeProofs #AuthenticationSecurity #AuditableTrails #DataProtection #AntierSolutions

In this article experts explore whether re-authentication could be the key to combating rapidly rising levels of fraud across the globe https://hubs.li/Q02TQgTN0. As digital threats continue to evolve and as fraudsters get savvier, the need for secure and convenient authentication methods grows increasingly important. Tackling many of the misconceptions and ‘myths’ about biometric security are: ⭐Blair Cohen, founder of AuthenticID. ⭐Sarah Clark, founder of Lens Identity. ⭐Simon Marchand, CFE, C.Adm. Fraud & Biometrics Expert. Combat Fraud Smarter. Read more here: https://hubs.li/Q02TQgTN0. #authenticid #reauthentication #identityfraud #identityverification #fraud #fraudprevention #fintech

WATCH OUT! With the recent data breaches of identity documents, scammers are constantly looking for new ways to use that data to sign up and defraud businesses. Use Scantek to prevent fraudsters from onboarding as end users with false details using advanced authentication: 🟢 Biometric Recognition: ID Photos must match live data. 🟢 Back to Source Verification: Document text must match source data. 🟢 Liveness Checks: Confirm that the User is real. Scantek instantly notifies you of any suspicious activity, documents, or information, enabling you to make fully informed onboarding decisions. Read more: https://lnkd.in/gVYb5JXR #SecureYour2024 #Scantek #CyberScams

The use of biometrics for Aadhaar cards marks a significant advancement in identity authentication within India's governmental systems. Biometric data, including fingerprints and iris scans, offer a robust method for verifying individuals' identities, enhancing security and accuracy in Aadhaar card issuance and authentication processes. #itbots #tech #biometricauthentication #aadhaar https://lnkd.in/gRVP-TVw