Identity Verification Firm Veriff Raises $100 Million
Led by Tiger Global and Alkeon, the latest funding round values the company at $1.5 billion. Veriff says that its video-first technology leverages more than 1,000 data points and an AI-powered decision engine that can analyze more than 10,000 variations of government-issued IDs from over 190 countries in 40 different languages. The company claims that…
Identity Fraud: A Major Growth Area for Criminals
The lockdowns of 2020 led to an increase in online activity. This in turn led to an increase in online identity theft and fraud. The question asked for 2021 is whether 2020 was a temporary spike, or an ongoing change in fraudulent activity. This is the question discussed by Onfido in its Identity Fraud Report…
Don’t Be Catfished: Protecting Yourself From New Account Fraud
Catfishing, the practice of pretending to be someone else online, became a cultural phenomenon through MTV’s popular TV show “Catfish,” driving more attention to our obsession with our online personas. However, it’s not just social media that needs additional scrutiny. In the wake of several recent major data breaches of personally identifiable information (PII) such…
Fighting Financial Fraud in an Increasingly Digital World
Everywhere we look, we see some form of digital technology. People have access to computers, cellphones, televisions and even Wi-Fi-enabled smart appliances. Technology advances every day, giving way to exciting, innovative and life-changing experiences. Take cellphones, for example. Not too long ago, cellphones were a luxury. They were used simply to call people — texting…