The Identity and Beyond Blog

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…

To understand how artificial intelligence is fundamentally changing how Jumio verifies online IDs and identities, you must first understand two concepts you’ve likely heard of: machine learning and deep learning. Machine Learning Definitionally, machine learning are algorithms that parse data, learn from that data, and then apply what they’ve learned to make informed decisions. So…

Millennials, Gen Xers, and Baby Boomers spoke out about their online and mobile banking experiences. Here’s what we heard. 40% of Americans have not stepped foot through the doors of a bank in the last six months. Instead, online banking is has gained serious momentum as the preferred method of banking. To learn more about…

Expectations have been raised. Thanks to Amazon, Uber, and Google, your consumers expect a better onboarding experience online. They expect it to be simple, fast, and secure. They have options and will simply switch to alternative service if you make the process too onerous. Given the shift in global demographics, your primary customer groups are…