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The discussion about fraud is ever-present in various industries worldwide – and for a good reason. Throughout the years, we, as a society, began to value transparency and fairness to a much greater extent than we did before. Fraud is directly opposing these values, and the demand for attention and prevention of fraud is rising… Read more — Fraud Week: What Is It and Why It’s Important

PEP stands for Politically Exposed Person. But what exactly does this term mean, and why is it essential to understand? Find out in this blog post.

Every year, on August 27, iDenfy celebrates its birthday. What does that mean for us as a business, and how much work and effort did it take to build a global business? Get a glimpse into the behind-the-scenes and discover how we’ve managed to scale from KYC into a leading RegTech hub.

Synthetic identities are more popular in the United States due to the heavy reliance on personally identifiable information (PII), like Social Security Numbers (SSNs), for identity verification. As a result, synthetic identity fraud is currently the fastest growing form of financial crime in the US.

Digital onboarding is the remote process of bringing a new customer into a company or enrolling a new user in a service, usually through their mobile device. Its primary aim is to confirm the identity of the individual being onboarded, ensuring that they are indeed the person they claim to be.

We dive deeper into the phenomenon of the PDF417 barcode and find out how it’s related to the modern identity verification process.

A proxy is a type of web connection that helps users bypass the network filtering system by changing the user’s IP address. In this article, we go deeper into the world of cybersecurity and one of the most fascinating concepts — proxies.

Artificial intelligence, machine learning, and deep learning technologies have become widely accepted and are now being embraced by businesses worldwide. While these technologies offer significant potential to enhance operational quality within the corporate realm, they also possess the capability to potentially disrupt various established markets.

Digital wallets have been around for more than a decade now. PayPal is one of the oldest digital wallets and was the first one to offer online banking services. And remember, when the global pandemic hit the world, online banking solutions and digital wallets became critical. Hundreds of households who suffered due to the lockdown used digital wallets to send and receive money.

We explore the newest forms of fraud — first-party, second-party, and third-party fraud — and investigate the reasons for the appearance of such trends while providing practical strategies for preventing crime in your organization.

Find the key tips on how to reduce fraud in the transportation industry through identity verification by ensuring both passengers and drivers are who they claim to be.

Cybercriminals violate individuals’ privacy to make identity-related frauds. In comparison to other forms of crime, cybercrime involves low risk and is lucrative. Consequently, cyber attackers engage in this fraud game to make money quickly. Luckily, you can prevent identity theft by investing in a powerful ID verification solution.