The Role of Digital IDV in Meeting Australia’s New AML/CTF Standards
The AML/CTF Amendment Bill 2024 has officially passed both the Australian House of Representatives and Senate, marking a pivotal moment in the nation’s efforts to … Read more
Resource Type: Blog
Australia’s New AML Laws: No More Simple Electronic KYC
The current landscape Australia took large strides last week to become world leaders in Know Your Customer (KYC) requirements when doing your Anti-Money Laundering (AML) … Read more
A Thanksgiving Reflection: The Evolution of Identity
Your name in clay Kushim: supposedly the earliest recorded name of a person in writing (c. 3400-3000 BCE). Found on clay tablets in Sumer, Mesopotamia. … Read more
Australia Leads the Way: Protecting Children in the Digital Age
In a significant move toward digital child protection, Australia is set to introduce legislation that restricts social media access for minor users under 16 years … Read more
What the UK Data Bill Means for Identity Verification
The UK Labour government has refreshed the previous government’s privacy law amendments with the Data (Use and Access) Bill. Similar to AI regulation, laws often … Read more
The Art of Prioritization: 6 Steps to Deciding Which Features to Develop
Building a successful identity verification (IDV) solution is as much about what you choose not to do as it is about what you decide to … Read more
A Fortress Against Fraud: Privacy-First AI & Enhanced Trust in ID Verification
Is it surprising to read that there are approximately 2,200 cyberattacks per day globally? While the number of successful breaches is not increasing, some reports … Read more
The Return on Identity™ (ROI) Framework: Quantifying the Value of Identity Verification
Identity verification (IDV) is crucial for modern businesses—yet many organizations struggle to measure its impact accurately. Some are unaware of the full costs involved. To … Read more
The Future of eKYC: Combatting PII Breaches & Deepfakes
Today, traditional electronic Know Your Customer (eKYC) processes are increasingly vulnerable due to widespread breaches of personally identifiable information (PII). In August 2024, a major … Read more
Executing Genuine Identity Onboarding In Digital Wallets
Identity-proofing is evolving beyond physical documents—and digital ID wallets are emerging as a convenient and secure way to store and manage our identities. As these … Read more
Why Perpetual KYC is Key to Modern AML/CTF Compliance
In the modern regulated financial environment, banks face significant responsibilities when it comes to Know Your Customer (KYC) processes, Anti-Money Laundering (AML) protocols, Counter-Terrorism Financing … Read more
Landscape of AI Regulation in IDV, Part 3: Future Trends & Strategic Recommendations
Following up on part 1 and part 2 in our series on AI regulation in identity verification (IDV), we turn our attention to the future. … Read more
AI, Fake IDs, and How Social Media Is Cracking Down on Underage Users
Fake IDs aren’t just for sneaking into bars or buying alcohol anymore—they’re being used to bypass age restrictions on social media. Platforms like Instagram are … Read more
Securing Against SS7 Mobile Phone Hacks with IDVerse
With newer, more sophisticated attack methods emerging constantly , maintaining the security of mobile communications is becoming increasingly difficult. One particularly alarming vulnerability is the … Read more
FinCEN’s $1.3 Billion Penalty is Business as Usual
This blog will end with a simple “yes” or “no” question. On October 10, 2024, the Financial Crimes Enforcement Network (FinCEN) announced a record-breaking $1.3 … Read more
Scattered Spider Attacks: What They Are & How to Stop Them
A scattered spider attack is a sophisticated cybercrime method targeting call centres through social engineering and impersonation. Attackers trick agents into revealing sensitive customer information … Read more
The Achilles Heel of Traditional Authentication Methods
The importance of robust authentication cannot be overstated in today’s always-connected world. Unfortunately, many of the authentication methods we rely on daily are alarmingly vulnerable … Read more
5 Ways GenAI is Reshaping Customer Success & IDV
It’s safe to say that the customer support industry—also referred to as customer success—has undergone a significant transformation with the advent of generative AI (GenAI). … Read more
Defending Against the Latest Cryptocurrency Scams
In a startling revelation, the FBI’s 2023 Cryptocurrency Fraud Report uncovered that Americans lost over $5.6 billion to cryptocurrency scams last year. This alarming figure … Read more
Introducing Face Access™: The Future of Authentication
In the modern digital economy, security and convenience often seem at odds, especially when it comes to user authentication. Passwords are forgotten, emails can be … Read more
