Identity verification stories - Page 1

ANZ will launch password-less web banking on ANZ Plus in mid-2025, enhancing security with passkeys and biometric authentication methods.

Passwords are fading as biometrics, like fingerprints and facial recognition, emerge as Australia’s secure, hassle-free future for digital access.

Australian businesses lead globally in boosting investment in digital trust, focusing on fraud detection and identity verification to protect customers.

Check Point Research reveals AI's rising role in cybercrime, highlighting risks like deepfakes, data poisoning, and Dark LLMs threatening digital security worldwide.

The OpenID Foundation will showcase global digital ID interoperability with ten teams and government reps from three regions in an upcoming webinar.

Visa has launched Intelligent Commerce, partnering with AI leaders to enable secure, AI-assisted shopping and payments tailored to user preferences.

Skyfire and Cequence Security partner to enable secure, compliant access and transactions for AI agents across digital services globally.

Pairs dating app launches in South Korea with AI-driven matching, aiming to connect singles seeking serious, value-based relationships and marriage.

Identity fraud costs businesses USD $7 million yearly worldwide, with Asia Pacific firms facing rising threats from sophisticated attacks, a new study finds.

A recent report reveals that 61% of Australian businesses face rising fraud incidents, prompting a shift to AI-driven security solutions to combat these threats.

Melbourne's ShareRing has joined an AUD $6.5 million government trial to improve age verification for under-16s on social media, using innovative digital ID technology.

ConnectID has partnered with Caresquare to enhance identity verification in the NDIS, tackling fraud that costs AUD $2 billion annually.

As Identity Management Day approaches on 8 April, experts highlight the urgent need for robust digital identity security amid rising threats and technological change.

Credas Technologies and IDGO have unveiled a partnership to enhance ID accessibility for millions in the UK, addressing urgent identification challenges.

Carol Chris, General Manager of GBG APAC, emphasises innovation in fraud prevention amid rising data breaches, as demand for compliance solutions grows.

Endowus has teamed up with Twilio to enhance security on its digital wealth platform, addressing a surge in fraud cases with advanced verification measures.

IDnow has secured a strategic majority investment from Corsair Capital, enhancing its position in the European identity verification market and fuelling global expansion.

Okta has announced it has achieved USD $1 billion in sales via AWS Marketplace over four years, marking a significant milestone in their cloud identity collaboration.

Recent experiments highlight the urgent need for diverse perspectives in AI and security, as biased training data leads to significant blind spots and vulnerabilities.

LexisNexis Risk Solutions has acquired IDVerse, enhancing its AI-powered risk and fraud solutions to bolster identity verification and onboarding processes.