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Intellicheck announces Identity Platform advancements: Intellicheck announced advancements for digital users of the Intellicheck Identity Platform. Clients integrating the new Capture process can be up and running with no more than two simple web hooks. The new digital authentication experience does not require any significant development or programming time and is simply and rapidly implemented. New users as well as current clients, including banks, credit card issuers, fintechs, BNPLs, retailers, and social media companies, will benefit from the enriched features. … More → The post Intellicheck announces Identity Platform advancements appeared first on Help Net Security. @Poseidon-US #HelpNetSecurity #Cybersecurity

Are you in search of identity verification services for your app? ⬇ This article examines the top identity verification services, their methodologies, and their advantages in the interconnected digital environment of today. We benchmark such services as Trulioo, Jumio Corporation, Ondato, Onfido, SEON Fraud Fighters, MemberCheck, Token of Trust, iDenfy, and ACTICO. #oril #identityverification #security #softwaredevelopment

📲 Digital identity plays a pivotal role across various sectors – from securing mobile banking transactions to ensuring the integrity of e-health services. It’s not merely about thwarting fraud; it's about crafting a frictionless customer experience. Just last week, we shared the news that GTC has ventured into the realm of digital identity. Today, we want to share with our community what Mobile Identity is, why this is such a big deal for the telecom space, and how GTC can help companies tap into this $83 billion opportunity. Here are some key takeaways: 1. Mobile Identity: The Power of Phone Numbers Acting as both an identifier and a virtual passport, the telephone number is uniquely posed to connect daily life with online interactions, propelling growth for Telecommunication and CPaaS players on the digital identity front. Here’s why: · Security: Insights into user behavior aid in fraud detection. · Convenience: Using a phone number for identity verification is user-friendly. · Universality: Phone numbers serve as a relatively universal means of identification. · Ease of Use: Users find it convenient to remember and use their phone numbers regularly. 2. GTC’s Approach to Digital Identity Our comprehensive strategy caters to telecommunications providers, CPaaS, enterprises, and aggregators, offering the complete package of digital identity consultancy services: · Recruiting · Market Intelligence · Global Expansion & M&A · Professional Services Explore our dedicated blog for detailed insights: https://lnkd.in/dmBT22KZ Get in touch and discover the exciting intersection of telecoms and digital identity with us, and unveil a myriad of untapped opportunities. #DigitalIdentity #Telecoms #Innovation #CyberSecurity #GlobalTelcoConsult

Digital Identity? Digital identity is the digital representation of an individual's identity. It includes personal information, such as name, address, date of birth, and other identifying details, that are used to verify a person's identity in the digital world. As more businesses and services move online, the importance of digital identity is increasing, and it's essential for individuals and businesses to understand what it is and why it matters. What is Digital Identity? Digital identity is the set of attributes, data, and credentials that are used to identify and authenticate individuals in the digital world. It includes information that is used to establish trust and verify a person's identity in online transactions, such as online banking, e-commerce, and social media. Digital identity can be created using a variety of methods, including username and password, biometric authentication, and digital certificates. Why Does Digital Identity Matter? Digital identity is becoming increasingly important in today's digital world. Here are some reasons why digital identity matters: Security: Digital identity is critical for ensuring security in online transactions. By verifying a person's identity, businesses can prevent fraud, identity theft, and other types of cybercrime. Privacy: Digital identity is also essential for protecting personal privacy online. By controlling access to personal information, individuals can limit the amount of data that is shared with third parties. Convenience: Digital identity can also make online transactions more convenient. By using digital authentication methods, such as biometrics or digital certificates, individuals can quickly and easily access online services without the need for passwords or other forms of identification.

🔐 Mastercard is redefining how we verify #identity online. Their expanded Identity Attribute Verification service is now rolling out across #Europe, making it easier for businesses to verify customer details—without the hassle of additional documentation. Dennis Gamiello, Mastercard’s EVP of Identity, explains: “Our solutions seamlessly verify consumer eligibility while safeguarding privacy.” 💳🔍 With privacy at the forefront, Mastercard is enhancing trust in the digital economy while meeting growing demand for #secure transactions. How will this transform digital banking security in Europe? Find out below ⬇️ https://lnkd.in/e6gNxrCA #Cybersecurity #DigitalIdentity #DataPrivacy #DigitalBanking #FinTech #Innovation #EU

🚀 Big news in the digital identity space! Yoti has just secured a staggering £20M in funding, driving the global digital identity movement to new heights. 💡 This strategic move isn't just about scaling - it's about securing digital trust in an era where identity verification is key. 🤝 From major partnerships to pioneering ID technologies, Yoti is setting the bar high - how will this shape the future of online security and privacy? 🔗 Join the conversation and share your thoughts on the impact of digital identity advancements. #DigitalIdentity #TechFunding #Innovation #CyberSecurity https://lnkd.in/exuv3_ya

In today's interconnected digital landscape, safeguarding digital identities is paramount, particularly in the realm of online transactions. With the proliferation of e-commerce, online banking, and digital services, ensuring robust digital identity security mechanisms is critical to protect against identity theft, fraud, and unauthorized access. Digital identity security relies on diverse 𝐚𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧 methods, encryption, and protocols to verify users' identities and safeguard their data. Organizations use tools like passwords, biometrics (like fingerprints and facial scans), and encryption to ensure the security of online transactions. 𝐄𝐧𝐜𝐫𝐲𝐩𝐭𝐢𝐨𝐧 ensures data security by scrambling information during transmission, preventing unauthorized access. Secure protocols like SSL/TLS maintain data confidentiality, reducing the risk of interception or tampering. Furthermore, 𝐦𝐮𝐥𝐭𝐢-𝐟𝐚𝐜𝐭𝐨𝐫 𝐚𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧 (𝐌𝐅𝐀) adds an extra layer of security, requiring multiple verification methods for account access. This includes passwords, PINs, biometrics, or hardware tokens, enhancing transaction security. Beyond authentication and encryption, 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐨𝐮𝐬 𝐦𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 and 𝐭𝐡𝐫𝐞𝐚𝐭 𝐝𝐞𝐭𝐞𝐜𝐭𝐢𝐨𝐧 𝐦𝐞𝐜𝐡𝐚𝐧𝐢𝐬𝐦𝐬 use advanced analytics and machine learning to identify anomalies in user behavior or transactions, preventing security breaches and fraud. Digital identity security is paramount in safeguarding online transactions and protecting users' personal information in today's digital age. By employing a comprehensive approach that integrates authentication, encryption, multi-factor authentication, and continuous monitoring, organizations can mitigate the risk of identity theft, fraud, and unauthorized access, fostering trust and confidence in online transactions. #businessdevelopment #softwaredevelopment #fintech #BFSI #siteclick

“𝙋𝙖𝙧𝙩𝙞𝙘𝙪𝙡𝙖𝙧𝙡𝙮 𝙬𝙚𝙡𝙡-𝙠𝙣𝙤𝙬𝙣 𝙛𝙤𝙧 𝙞𝙩𝙨 𝙥𝙧𝙞𝙫𝙖𝙘𝙮-𝙥𝙧𝙚𝙨𝙚𝙧𝙫𝙞𝙣𝙜 𝙩𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮, 𝙆𝙚𝙮𝙡𝙚𝙨𝙨 𝙞𝙨 𝙖 𝙗𝙞𝙤𝙢𝙚𝙩𝙧𝙞𝙘 𝙞𝙙𝙚𝙣𝙩𝙞𝙩𝙮 𝙥𝙡𝙖𝙩𝙛𝙤𝙧𝙢 𝙥𝙞𝙤𝙣𝙚𝙚𝙧.” Thrilled to see that Keyless has been recognized as a #Luminary in the 2024 Digital Identity Prism Report for Financial Services. This accolade further validates our mission at Keyless to deliver biometric authentication that prioritizes user privacy is increasingly critical for the financial services industry. To summarize the findings: ▪ We were awarded Luminary status for our Zero-Knowledge Biometrics™ (ZKB) technology, which ensures that 𝗻𝗼 𝗯𝗶𝗼𝗺𝗲𝘁𝗿𝗶𝗰 𝗱𝗮𝘁𝗮 𝗶𝘀 𝘀𝘁𝗼𝗿𝗲𝗱 𝗮𝗻𝘆𝘄𝗵𝗲𝗿𝗲. ▪ Keyless adopts a 𝗱𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱 𝗽𝗿𝗶𝘃𝗮𝗰𝘆-𝗽𝗿𝗲𝘀𝗲𝗿𝘃𝗶𝗻𝗴 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 to biometrics, merging the advantages of both local and centralized systems that almost every other vendor in our field uses. ▪ We highlight a recent 𝗰𝗮𝘀𝗲 𝘀𝘁𝘂𝗱𝘆 𝘄𝗶𝘁𝗵 𝗮 𝗺𝗮𝗷𝗼𝗿 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗯𝗮𝗻𝗸, demonstrating how we helped them deliver significant cost savings and overcome security vulnerabilities associated with traditional SMS OTPs and customer call center demands. Andrea and I spoke with C. Maxine and team at Acuity Market Intelligence about the research that went into this report and we were highly impressed by the level of commitment and detail that they put into it. We encourage all identity and security professionals at financial institutions to read the report to see how your identity security stack might be enhanced by integrating advanced biometric solutions. Read our report summary here: 👉 https://lnkd.in/eMr7yRQ5 Download the full report here: 👉 https://lnkd.in/e8H3ych4 #Keyless #biometricauthentication #privacy #ZKB

‘Globe bolsters security of SIM registration data’ Globe Telecom Inc. on Monday said it has completed major enhancements to its SIM registration channels, fortifying its commitment to customer identity protection initiatives. Darius Delgado, Head of Globe’s Consumer Mobile Business, said Globe has implemented advanced encryption protocols to bolster the security of data transmitted during the registration process. This crucial step ensures a secure environment for customers providing personal information, he said. With this development, Globe is now using live photo capture technology, which prevents the use of stock or pre-existing photos during the registration process. To counter the submission of fraudulent documents, Globe leverages the Optical Character Recognition (OCR) technology. This system matches text entries on the SIM registration form with the data on the user’s uploaded ID, reducing the likelihood of fake or doctored documents slipping through. Moreover, Globe has taken proactive measures by limiting the number of ID submission retries. This precautionary step is designed to thwart random or repeated attempts to register with fictitious documents. “We continue to invest in and enhance our tools to deliver a more secure and effective validation process to proactively deter and detect fraudsters. It’s a continuous journey for us to keep on protecting our customers,” Delgado said. He added that Globe has undertaken a comprehensive post-validation initiative. With an ambitious goal to complete the validation of the remaining 40 million records within the year, the company has already successfully validated 11 million registrations. The SIM Registration Act, which mandates the registration of all SIMs, aims to shield consumers from illegal activities such as scams, smishing, and other forms of mobile phone and online fraud. Last month, Globe said it expects its revenues to continue growing by “low to mid-single digit” this year. Read more: https://lnkd.in/ghdfcq9b GCash (Mynt - Globe Fintech Innovations, Inc.) Maya Grab Home Credit Philippines CIS Bayad Center, Inc. RCBC Fintech Alliance PH Inc Coins.ph

Balancing Security and User Experience: The Key to Seamless Digital Transactions!! Friction vs. Experience - Clear communication about security protocols during onboarding sets user expectations and builds trust. - Streamlined authentication methods like biometrics or single sign-on reduce friction while maintaining top-notch security. Mitigating Fraud Risks - Implement robust measures like multi-factor authentication, real-time monitoring, and anomaly detection. - Stay watchful and adapt to evolving threats. https://lnkd.in/eBPqWnhi