Instances of fraud are increasing, but fyio has partnered with OCR Labs to make sure their solution solves part of the problem.
Insights have found the switch to more digital transaction since the start of the COVID-19 pandemic show that individual and organizational risk is even greater now.
Digital ID verification tools must respond quickly and accurately, even as fraudster methods change, Sumsubs's chief legal officer says.
OCR Labs Global claims it is the first company to independently verify that its identification verification software has been certified bias-free.
Reusable identities will be vital tools that support identity verification, but how they will work exactly is yet to be determined.
A look behind the numbers in AU10TIX’s Q2 2023 Global Identity Fraud Report gives clear insight into the mind of the professional fraudster. The report analyzed millions of global transactions from April through June 2023 to identify industry-specific patterns.
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