The Identity and Beyond Blog

When was the last time you set foot in an actual bank branch? Traditional brick-and-mortar banking is becoming a thing of the past, with 40 percent of Americans not setting foot in a bank in the last six months. While all generations are increasingly adopting online banking, millennials are taking the lead in mobile banking…

Trust and safety are highly valuable to businesses that need to protect both the reputation and the security of their ecosystems. Businesses need to be able to build quality relationships with complete strangers while also reducing the risk of fraud, criminal behavior and physical harm. Threats to trust and safety can take many forms depending…

Let’s hit rewind for a second. Do you remember the epic Equifax data breach of July 2017? The breach exposed sensitive data about millions of Americans—including thousands of passports and driver’s licenses which were compromised along with the Social Security numbers of nearly all of the more than 146 million affected consumers. With any data…

2018 has been a big year for compliance, with the second iteration of the Payment Services Directive (PSD2) going into effect in January and General Data Protection Regulation (GDPR) launching in May. Still trying to wrap your head around these two regulations and what your business needs to do to properly process the personal data…

Back in December, 4iQ discovered a single file with a database of 1.4 billion clear text credentials — the largest aggregate database found in the dark web to date. The really scary part was that none of the passwords were encrypted, and the ones that have been tested have been verified to be valid. This is bad…

GDPR. AML. KYC. PSD2. CCPA…The acronyms just keep on coming and with them, increasingly stringent and complex requirements for businesses to meet. While delivered with good intention to protect consumers and the global financial system, these mandates and compliance edicts naturally add complexity to business processes. Our latest e-book, Compliance Made Simple, will help you…

The identity fraud detection game is evolving. Fast. Online fraud is now 81% more likely than fraud at the point of sale, and account takeover fraud (ATO) made up a significant and growing chunk of total online fraud in 2017, according to a new report. In its 2018 Identity Fraud Report, Javelin Strategy and Research…

Look around the online world—from online banking to ridesharing to iGaming—and you’ll see an ongoing struggle to negotiate two often competing goals: driving up customer conversions and driving down online identity fraud. A solution is needed. (Spoiler alert: Our solution is detailed in this Online Identity Verification Buyer’s Guide. Go ahead and get your copy…

During his short stint as an identity thief, Dan DeFilippi stole dozens of identities off the internet and pilfered more than a half a million dollars from banks, creditors, and innocent individuals. In 2002, DeFelippi decided that buying stolen credit card data wasn’t whetting his appetite enough. Late one night, he set up a clone…

The global online gambling and betting market is hot. So is the competition to win new players. With a global market expected to reach €81.73 billion by the end of 2024–a combined annual growth rate of 10.8% from 2016–the pressure to convert customers is high and the reward for those who win is significant. And…

GDPR is upon on us. Unfortunately, most businesses seem woefully unprepared for the regulation — and this includes organizations on both sides of the Atlantic. If you’re reading this from outside the EU, you may be thinking ‘What’s the big deal? This won’t affect my organization’. Think again. The regulation impacts firms both inside and…

GDPR is upon us. The General Data Protection Regulation goes into effect this month and I have a few pretty big concerns based on some cursory conversations with my colleagues at US-based organizations. Concern 1: Most U.S. Companies Still Unprepared for the GDPR The first concern is their apparent ignorance just how much GDPR impacts…