Category: fraud prevention
Identity Fraud Prevention: 5 Simple Steps To Protect Your Bank From Fraud, Loss And Non-Compliance
In the UK, the overall value of online banking fraud has drastically increased in the past ten years. New legislation and regulatory frameworks are aiming to curb these i...
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Identity & Address Verification Using Utility Data: 2021 and Beyond
Identity document validation (and detecting fraudulent identity documents) is a major part of a robust Know Your Customer (KYC) process. Authenticating and verifying gove...
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Crypto Regulations 2021: What Digital Currency Providers Must Do To Stay Compliant
Ever since the advent of blockchain and bitcoin, things have looked very different. Initially, most people wrote bitcoin (which was the first cryptocurrency) off. Since i...
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7 Anti-Money Laundering Fines You May Have Missed: Multinational Banks Held Accountable By Regulators For Compliance Missteps
“Financial institutions have been hit with $10.4 billion in global fines and penalties related to Anti-money laundering (AML), know your customer (KYC), data privacy, a...
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Bank Identity Verification: A Risk-Based Approach
Currently, the cybersecurity risks for financial institutions is high. In recent years, there have been over one billion cyber attacks on financial institutions. They hav...
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Blockchain Technology to Simplify Anti-Money Laundering Solutions
Money laundering is the process by which financial transactions are conducted in a way that obscures the link between the funds and their origins. Annually, money launder...
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What is Real ID? Is it a critical means of Verifying Identities?
Still confused about Real ID? You are not alone. The Real ID Act is a federal security regulation that changes identification requirements for United States citizens. It ...
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Identity Verification Technology for Electronic Voting in the Digital Age
The American 2018 midterm election was the costliest election in American history. It was an extremely important election that has changed the course of American politics...
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Identity Verification in a Post-Data Breach World
In the United States, data breaches have become increasingly more common. In the first half of 2018 alone 668 data breaches occurred which exposed over 22 million identit...
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