Onfido

Entrust Fights Deepfakes, Phishing, and Account Takeover Attacks with AI-Powered Identity-Centric Security Solution

Retrieved on: 
Tuesday, April 23, 2024
Banking, Software, Networks, Professional Services, Internet, Hardware, Data Management, Technology, Digital Cash Management, Digital Assets, Artificial Intelligence, Security, Other Professional Services, Other Technology, News, AI, RSA Conference, IDV, Onfido, Conference, Digital, Zero trust security model, IAM, As a service, Deepfake, Access management, RSAC, ID, Organization, Digital security, Gartner, Fraud, Cryptocurrency

Entrust , a global leader in trusted payments, identities, and data security, today announced a single-vendor enhanced authentication solution that integrates identity verification (IDV) and identity and access management (IAM) to fight deepfakes, phishing, account takeover (ATO) attacks and other threats.

Key Points: 
  • Entrust , a global leader in trusted payments, identities, and data security, today announced a single-vendor enhanced authentication solution that integrates identity verification (IDV) and identity and access management (IAM) to fight deepfakes, phishing, account takeover (ATO) attacks and other threats.
  • This equips the IDaaS platform with a new layer of hardened security that resists identity fraud and phishing, secures digital interactions, and safeguards sensitive information.
  • Entrust was recognized in the 2023 Gartner Magic Quadrant for Access Management .
  • This data and more will be released in a new special edition of the Fraud Report for RSAC.

Onfido launches Compliance Suite to simplify local and global identity verification amid complex compliance environments

Retrieved on: 
Tuesday, January 23, 2024
KYC, SAN, Partnership, Frustration, OTP, Fraud, Qualified electronic signature, QES, Acquisition, Electronic signature, Onfido, Organization, AML, Online shopping

SAN FRANCISCO and LONDON, Jan. 23, 2024 /PRNewswire/ -- Onfido, the global leader in automated identity verification, today launched its Compliance Suite, an all-in-one identity verification solution that empowers fast-growth businesses to expand seamlessly into new markets and meet local regulatory needs for customer onboarding.

Key Points: 
  • SAN FRANCISCO and LONDON, Jan. 23, 2024 /PRNewswire/ -- Onfido , the global leader in automated identity verification, today launched its Compliance Suite , an all-in-one identity verification solution that empowers fast-growth businesses to expand seamlessly into new markets and meet local regulatory needs for customer onboarding.
  • Onfido's Compliance Suite introduces Qualified Electronic Signature (QES) and One-time Password (OTP) alongside no-code compliance workflows to its Real Identity Platform .
  • Lemonway , a leading pan-European payment institution, is expanding its partnership with Onfido to include the Compliance Suite to address regulation with confidence alongside other Onfido ETSI-certified identity verification solutions.
  • With Compliance Suite, we now have the most comprehensive verification offering in the market, making Onfido the go-to scaling partner for globally trusted institutions."

Onfido launches Compliance Suite to simplify local and global identity verification amid complex compliance environments

Retrieved on: 
Tuesday, January 23, 2024
KYC, SAN, Partnership, Frustration, OTP, Fraud, Qualified electronic signature, QES, Acquisition, Electronic signature, Onfido, Organization, AML, Online shopping

SAN FRANCISCO and LONDON, Jan. 23, 2024 /PRNewswire/ -- Onfido, the global leader in automated identity verification, today launched its Compliance Suite, an all-in-one identity verification solution that empowers fast-growth businesses to expand seamlessly into new markets and meet local regulatory needs for customer onboarding.

Key Points: 
  • SAN FRANCISCO and LONDON, Jan. 23, 2024 /PRNewswire/ -- Onfido , the global leader in automated identity verification, today launched its Compliance Suite , an all-in-one identity verification solution that empowers fast-growth businesses to expand seamlessly into new markets and meet local regulatory needs for customer onboarding.
  • Onfido's Compliance Suite introduces Qualified Electronic Signature (QES) and One-time Password (OTP) alongside no-code compliance workflows to its Real Identity Platform .
  • Lemonway , a leading pan-European payment institution, is expanding its partnership with Onfido to include the Compliance Suite to address regulation with confidence alongside other Onfido ETSI-certified identity verification solutions.
  • With Compliance Suite, we now have the most comprehensive verification offering in the market, making Onfido the go-to scaling partner for globally trusted institutions."

Socure Announces New Additions to Executive Leadership Team Amid Rapid Growth

Retrieved on: 
Wednesday, December 20, 2023
Citadel, Marketing, Amazon, NICE Ltd., Fraud, Thomson Reuters, Onfido, Machine learning, SVP, Organization, Intelligence, Acceleration, AML, Cryptocurrency

INCLINE VILLAGE, Nev., Dec. 20, 2023 /PRNewswire/ -- Socure, the leading provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, today announced the arrival of three new executives to continue its momentum into 2024. The executives – Arun Kumar,  Katia Mar and Steve Rooney – have already injected a new passion and energy into Socure's culture and team. These new executive moves signal a continued acceleration in Socure's trajectory, reinforcing our commitment to pioneering innovative solutions in an increasingly digital world.

Key Points: 
  • The executives – Arun Kumar , Katia Mar and Steve Rooney – have already injected a new passion and energy into Socure's culture and team.
  • These new executive moves signal a continued acceleration in Socure's trajectory, reinforcing our commitment to pioneering innovative solutions in an increasingly digital world.
  • She will lead product marketing, content, six-level market education program Socure University, sales enablement, and a portion of the digital marketing team.
  • For more information on Socure's leadership team, visit our website here .

Onfido Launches First Fraud Lab Capable of Creating Synthetic Attacks at Scale as Deepfakes Increase 31X

Retrieved on: 
Wednesday, November 15, 2023
Dark, Deepfake, SAN, Attack, Anatomy, Identity fraud, Dark web, Crime, Fraud, Web page, Darkness, Algorithm, ICAO, Machine learning, International Civil Aviation Organization, Financial services, Deep learning, 3D, AI, Face, Cryptocurrency, Medical device, Audit, Security printing, Onfido

SAN FRANCISCO and LONDON, Nov. 15, 2023 /PRNewswire/ -- Onfido, the global automated identity verification provider, today announced the findings of its 2024 Identity Fraud Report and unveiled its Fraud Lab. The report points to the increasing availability of simple-to-use AI tools as the reason for a 31X increase in deepfakes1 and 5X increase in digitally forged identities, making it easier for criminals to carry out sophisticated attacks. Onfido's Fraud Lab has been launched as a response to these trends. With the ability to mass-produce synthetic attacks, it delivers faster, more accurate AI-powered fraud protection to its customers through its Real Identity Platform, saving them over $3.9B in losses.

Key Points: 
  • The fifth annual Identity Fraud Report highlights the increasing role of AI in perpetrating fraud, as fraudsters turn to online tools and generative AI, such as deepfake apps.
  • This year, 'easy' or less sophisticated fraud also continued to rise, up 7.4% from 2022 and accounting for 80.3% of all attacks.
  • In the space of just six months, Onfido's Fraud Lab has helped improve its fraud detection rates on documents by 5X and on biometrics by 9X.
  • Onfido processes millions of identity verification requests every year, helping over 1,000 clients detect fraud across 2,500 document types from 195 countries.

Onfido Launches First Fraud Lab Capable of Creating Synthetic Attacks at Scale as Deepfakes Increase 31X

Retrieved on: 
Wednesday, November 15, 2023
Dark, Deepfake, SAN, Attack, Anatomy, Identity fraud, Dark web, Crime, Fraud, Web page, Darkness, Algorithm, ICAO, Machine learning, International Civil Aviation Organization, Financial services, Deep learning, 3D, AI, Face, Cryptocurrency, Medical device, Audit, Security printing, Onfido

SAN FRANCISCO and LONDON, Nov. 15, 2023 /PRNewswire/ -- Onfido, the global automated identity verification provider, today announced the findings of its 2024 Identity Fraud Report and unveiled its Fraud Lab. The report points to the increasing availability of simple-to-use AI tools as the reason for a 31X increase in deepfakes1 and 5X increase in digitally forged identities, making it easier for criminals to carry out sophisticated attacks. Onfido's Fraud Lab has been launched as a response to these trends. With the ability to mass-produce synthetic attacks, it delivers faster, more accurate AI-powered fraud protection to its customers through its Real Identity Platform, saving them over $3.9B in losses.

Key Points: 
  • The fifth annual Identity Fraud Report highlights the increasing role of AI in perpetrating fraud, as fraudsters turn to online tools and generative AI, such as deepfake apps.
  • This year, 'easy' or less sophisticated fraud also continued to rise, up 7.4% from 2022 and accounting for 80.3% of all attacks.
  • In the space of just six months, Onfido's Fraud Lab has helped improve its fraud detection rates on documents by 5X and on biometrics by 9X.
  • Onfido processes millions of identity verification requests every year, helping over 1,000 clients detect fraud across 2,500 document types from 195 countries.

Onfido Survey: Businesses Risk Losing Trillions by Ignoring the Use of AI for Fraud Prevention

Retrieved on: 
Tuesday, October 31, 2023
3D, 2D, ChatGPT, Synthetic media, Fraud, News, Generative, Research, Artificial intelligence, Growth, Transport, Risk, Privacy, Health, Deep learning, Bias, Onfido, SAN, Automation, Medical device, Cryptocurrency, AI

SAN FRANCISCO and LONDON, Oct. 31, 2023 /PRNewswire/ -- Onfido, the global leader in automated identity verification, today released the results of a study surveying over 1,500 business leaders, examining perceptions, challenges and usages of artificial intelligence (AI). Respondents were from financial services, gaming, retail, healthcare, transportation, legal and telecom industries across the US, UK, and Italy. The research shows that as interest and investment in AI technology soars, leaders are concerned about the growth of AI-powered cyber threats. Despite this, a staggering 73% are failing to act, putting their businesses and the global economy at risk.

Key Points: 
  • Despite this, a staggering 73% are failing to act, putting their businesses and the global economy at risk.
  • Across the US, UK and Italy, almost two-in-five (38%) see Generative AI applications as being beneficial in automating fraud prevention and empowering fraud specialists to address more sensitive cases.
  • This still leaves a worrying 73% who have no plans to use AI to combat the fraud threat coming from AI.
  • With so many opportunities for fraudsters to attack online, businesses must develop a multi-layered, holistic approach to fraud prevention.

Onfido Survey: Businesses Risk Losing Trillions by Ignoring the Use of AI for Fraud Prevention

Retrieved on: 
Tuesday, October 31, 2023
3D, 2D, ChatGPT, Synthetic media, Fraud, News, Generative, Research, Artificial intelligence, Growth, Transport, Risk, Privacy, Health, Deep learning, Bias, Onfido, SAN, Automation, Medical device, Cryptocurrency, AI

SAN FRANCISCO and LONDON, Oct. 31, 2023 /PRNewswire/ -- Onfido, the global leader in automated identity verification, today released the results of a study surveying over 1,500 business leaders, examining perceptions, challenges and usages of artificial intelligence (AI). Respondents were from financial services, gaming, retail, healthcare, transportation, legal and telecom industries across the US, UK, and Italy. The research shows that as interest and investment in AI technology soars, leaders are concerned about the growth of AI-powered cyber threats. Despite this, a staggering 73% are failing to act, putting their businesses and the global economy at risk.

Key Points: 
  • Despite this, a staggering 73% are failing to act, putting their businesses and the global economy at risk.
  • Across the US, UK and Italy, almost two-in-five (38%) see Generative AI applications as being beneficial in automating fraud prevention and empowering fraud specialists to address more sensitive cases.
  • This still leaves a worrying 73% who have no plans to use AI to combat the fraud threat coming from AI.
  • With so many opportunities for fraudsters to attack online, businesses must develop a multi-layered, holistic approach to fraud prevention.

Going Glocal: Onfido and Guest Speaker Andras Cser Discuss Unlocking Global Growth Amid Europe's Regulatory Maze

Retrieved on: 
Wednesday, October 25, 2023
SwissBorg, EID, TBI, FATE, Forrester, Charlotte Hall, Maryland, M1A, Organization, CCO, Certification, IDV, European Telecommunications Satellite Organization, H2B, ETSI, COVID, IDS, EIDAS, Risk, TBI Bank, KYC, PAD, Onfido, SAN, Medical device, Security printing, Cryptocurrency, Audit, EU

SAN FRANCISCO and LONDON, Oct. 25, 2023 /PRNewswire/ -- Onfido, the global leader in automated identity verification, today published an on-demand webinar, "Staying Ahead of the Regulatory Curve," that examines the complex and rapidly evolving regulatory landscape facing businesses looking to onboard customers using remote identity verification in Europe.

Key Points: 
  • We're seeing many customers moving from a passporting regime to focusing on local compliance strategies."
  • Onfido is an enabler of this experience, allowing us to increase our Sales while remaining secure and compliant.
  • The webinar's panel of experts included Charlotte Hall, Senior Legal Director at Onfido and Julien Rizzo, Compliance Product Manager at Onfido , and guest speaker Andras Cser, Vice President and Principal Analyst at Forrester .
  • Onfido's Real Identity Platform provides industry-recognized AI-powered document and biometric verifications , offering fraud detection via passive device signals, duplication checks, and connectivity with global external databases.

Going Glocal: Onfido and Guest Speaker Andras Cser Discuss Unlocking Global Growth Amid Europe's Regulatory Maze

Retrieved on: 
Wednesday, October 25, 2023
SwissBorg, EID, TBI, FATE, Forrester, Charlotte Hall, Maryland, M1A, Organization, CCO, Certification, IDV, European Telecommunications Satellite Organization, H2B, ETSI, COVID, IDS, EIDAS, Risk, TBI Bank, KYC, PAD, Onfido, SAN, Medical device, Security printing, Cryptocurrency, Audit, EU

SAN FRANCISCO and LONDON, Oct. 25, 2023 /PRNewswire/ -- Onfido, the global leader in automated identity verification, today published an on-demand webinar, "Staying Ahead of the Regulatory Curve," that examines the complex and rapidly evolving regulatory landscape facing businesses looking to onboard customers using remote identity verification in Europe.

Key Points: 
  • We're seeing many customers moving from a passporting regime to focusing on local compliance strategies."
  • Onfido is an enabler of this experience, allowing us to increase our Sales while remaining secure and compliant.
  • The webinar's panel of experts included Charlotte Hall, Senior Legal Director at Onfido and Julien Rizzo, Compliance Product Manager at Onfido , and guest speaker Andras Cser, Vice President and Principal Analyst at Forrester .
  • Onfido's Real Identity Platform provides industry-recognized AI-powered document and biometric verifications , offering fraud detection via passive device signals, duplication checks, and connectivity with global external databases.