Alloy’s Post

The fraud landscape is constantly changing, meaning the identity verification, authentication, and fraud detection are also experiencing shifts. Join Tracy K. and me as we discuss some of the key threats facing financial services companies in 2024, along with the priorities and investments being made in identity solutions. Javelin Strategy & Research #frauddetection #identityverification #authentication Register now at the link for our September 14 webinar!

Identity fraud is estimated to continue to increase in 2024 as fraudsters become more networked, data compromises become more prevalent, and massive amounts of personal identifiable information continue to be available on the dark web. Artificial intelligence is making it easier to either steal one’s identity or combine real and/or false information to create a new fake #identity, called a synthetic identity. There has been progress toward this goal. But too many #digitalidentity providers continue to rely on outdated approaches that keep legitimate people from receiving benefits while failing to prevent fraud. Check out this article from Socure’s VP of Public Sector Strategy, Jordan Burris, as he shares three steps our leaders in #government can do to prioritize a strong digital identity ecosystem in 2024. https://lnkd.in/gth2rWVA

Identity fraud is estimated to continue to increase in 2024 as fraudsters become more networked, data compromises become more prevalent, and massive amounts of personal identifiable information continue to be available on the dark web. Artificial intelligence is making it easier to either steal one’s identity or combine real and/or false information to create a new fake #identity, called a synthetic identity. There has been progress toward this goal. But too many #digitalidentity providers continue to rely on outdated approaches that keep legitimate people from receiving benefits while failing to prevent fraud. Check out this article from Socure’s VP of Public Sector Strategy, Jordan Burris, as he shares three steps our leaders in #government can do to prioritize a strong digital identity ecosystem in 2024. https://lnkd.in/er3hgmzM

🔐 Elevate Your Security with our advanced Identity Verification Solutions! 🔐 Say goodbye to lengthy verification processes! Our comprehensive suite of verification solutions deliver lightning-fast and accurate results, ensuring seamless integration with your current systems. Dive into how our solutions are transforming how businesses safeguard against fraud and ensure compliance: Effortless Document Verification 📄 – With our instantaneous validation system, verifying Australian identity documents has never been easier. Set the standard in document verification with our state-of-the-art technology. Fraud Prevention 🛡️– Fortify your defences against identity fraud. Our solutions not only comply with AML and CTF requirements but also reinforce your safety protocols. Social Media Intelligence 📲 – Uncover the power of social media in verifying identities. Our solution provides comprehensive insights, enhancing your KYC processes and fraud prevention strategies. Proactive Fraud Detection 🔍 – Our digital analysis tools are specifically designed for the Australian market, offering effective solutions for synthetic fraud and comprehensive identity checks. Combatting All Types of Fraud 🚫 – From blended identities to completely fabricated ones, our dedicated solutions cover a wide range of fraudulent activities. Protect Your Brand and Reputation 💼 – Our technology not only streamlines transaction safety but also helps in preserving your company's reputation. With our tools, ensure the integrity of financial transactions and customer data. 🔗 Learn More and Boost Your Business's Security here: https://lnkd.in/e83FjmVT #identityverification #documentverification #fraudprevention #businesssecurity #amlcompliance

Are you in the financial field and concerned about the Identity of your users? For International Fraud Awareness Week, we are highlighting some alarming stats and techniques fraudsters are using to capitalize on your prized assets. Ask me about our Strong Authentication options and how we can detect unusual activity before it devastates your business. https://lnkd.in/eEFebd-c #FraudAwarenessWeek #FinSec #FINRA #CloudSecurity #Thales

Check out the new report released by Socure and the Center for Digital Government titled “The State of Digital Identity in 2024.” According to the report, 63% of constituents surveyed want to conduct all or most transactions with state agencies online. Yet, only 13% felt very confident state agencies can detect and prevent identity fraud......and more than half of the state leaders surveyed said they rely on knowledge-based authentication as a method of verification, despite NIST no longer recognizing it as a valid method of verifying identities. The report also includes best practices for creating a modern identity system. Read Here   https://lnkd.in/eVaRGm6f

In an era of expanding digital threats, protecting financial identities demands vigilance from both individuals and businesses. Unauthorized access to sensitive personal and financial information can pave the way for identity theft and financial fraud. During #DataPrivacyWeek, we’re sharing ideas for both consumers and businesses to protect access to the financial system. Ultimately, consumer trust is rooted in shared vigilance. Equipping with the right monitoring tools and building a culture of accountability are critical to securing financial fortresses. Read more from Debra Geister here >> https://lnkd.in/gmRm4SpB

Are your current identity verification measures effective in the fight against fraud? Discover the four critical solutions that can enhance the identity verification process and protect your business. https://bit.ly/472VDuk #IdentityVerification #FraudPrevention #Biometrics

FindBiometrics recently interviewed us to discuss the latest trends in authentication and identity. In the interview, we highlighted how Keyless is helping organizations prevent ATO fraud, decrease call center volumes and SMS OTPs by offering genuine identity assurance with built-in MFA. Check out the interview below👇

💡 Over 80% of Americans who participated in a recent survey for the State of Digital Identity report want to conduct at least some state government transactions online. State agencies are at the forefront of digitizing essential services, yet too many agencies use outdated online identity verification methods that are susceptible to fraud. This new report from Government Technology's Center for Digital Government reveals the growing need for state agencies to upgrade outdated identity verification methods to prevent fraud while still meeting the public’s demand for digital services. From upgrading security to collaboration challenges, learn more about the findings in the full article and report: https://lnkd.in/gvAicz2u