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Scams in which a real person’s information is used to create fictitious businesses or individuals have led to $6 billion in credit losses. The Federal Reserve has developed a standard definition for synthetic identity fraud so lenders can distinguish it from traditional identity theft.
June 2 -
Citing the risk of bias and misidentification, cities and civil liberties groups are calling more loudly for a ban on the use of face scans.
May 3 -
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New analysis from SentiLink showed that the industry may be more vulnerable to some fraud threats than it realizes.
November 16 -
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In too many places, identity verification and other vetting is still done manually, says Signicat's John Erik Setsaas.
October 19Signicat -
Four global banks have joined American Express Ventures in contributing to BioCatch’s Series C fundraising round and earning themselves seats on its newly formed Client Innovation Board.
September 30 -
The company has renamed itself Prove and says that the acquisition will allow it to help banks fine-tune their security procedures when serving customers.
July 29 -