Editor-in chief. Market intelligence and strategy expert, and long-year speaker, moderator. More than 15 years in global identity verification, age verification, and RegTech markets.
Posts by Per Henrikson:
Generative artificial intelligence (AI) holds tremendous promise for financial institutions and their customers. But a recent FinCEN alert highlights an increase in reports of deepfake identity fraud and describes ways financial institutions can reduce risk and detect the illicit use of AI tools.
Entrust, Incode, Jumio, Socure and Sumsub were recognized by Gartner as identity verification leaders amid a rise in regulatory demands, and fraud prevention
The New York State Department of Financial Services (DFS) has issued new guidance emphasizing the importance of multi-factor authentication (MFA) and biometric authentication in mitigating cybersecurity risks posed by artificial intelligence (AI). This guidance comes amid growing concerns about AI-enabled fraud, following recent warnings from FinCEN about the rising threat of deepfake media fraud.
The BIPA class action lawsuit alleged Incode Technologies collected individuals’ biometric data without complying with regulations. Illinois consumers who uploaded their selfies and photo IDs were not aware Incode Technologies collected their biometric data due to a lack of notice and disclosures, the plaintiffs contend.
Jamaica has begun distributing National Identification System (NIDS) cards to citizens as part of its comprehensive national digital ID implementation program. The initial phase of distribution, which commenced on November 16, 2024, will provide NIDS cards to 300 individuals.
The U.S. Department of Homeland Security (DHS) has proposed a phased enforcement approach that could effectively extend for REAL ID implementation deadline to 2027 for some states as they grapple with the integration of mobile driver’s licenses (mDLs) into their identification systems. This potential extension comes as Illinois recently joined 11 other states in formally adopting digital IDs.
Lido co-founders are reportedly developing a competitor to Sam Altman’s WorldCoin. The new platform, named Y, focusing on digital identity but differentiate itself by avoiding biometric authentication in favor of a yet unnamed strategy.
Lido co-founders are reportedly developing a competitor to Sam Altman’s WorldCoin. The new platform, named Y, focusing on digital identity but differentiate itself by avoiding biometric authentication in favor of a yet unnamed strategy.
Increasing cases of identity fraud and integrity breaches are putting the scholarly community under pressure to protect academic integrity.
Roblox is adding more protections to its platform for its youngest users, a move that comes about a month after short-selling firm Hindenburg Research
Explore the growing threat of deepfake attacks in SaaS security. Learn how attackers exploit synthetic media to deceive, access sensitive data, and compromise systems, and discover Savvy’s advanced defenses that protect against deepfake-driven breaches.
Regulators are ordering the immediate suspension of the organization’s World ID Orb verification activities in the country.
