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Identification/Background checks

Bank identity checks could push close to a quarter to competitors, survey finds

A survey by FICO has found almost a quarter of UK-based respondents would move to a competitor if asked to visit branches or post documents when applying for an account.

Austreme secures patent for card testing fraud detection technology

Hong Kong-based forensic RegTech company Austreme has received approval for a patent for its e-commerce card testing fraud detection system.

LoginID receives strategic investment from Visa

LoginID, a biometrics authentication services provider, has received strategic funding from payments giant Visa, hot off the heels of its seed round.

Brazil-based ID validation platform idwall raises $38m to tackle online fraud in LatAm

Brazilian identity verification and background check company idwall, which offers onboarding with selfie biometrics, has raised $38m in Series C funding.

How can we remain cybersecure in the age of mass online participation?

As the number of people using services online has ballooned over the last year due to the onset of the Covid-19 pandemic, the threat posed by cybercriminals around the world has grown even stronger. How can companies and governments alike deal with this coming storm?

Signicat acquires Encap Security to integrate mobile identity, authentication

Norwegian digital identity specialist Signicat has bought customer authentication compatriot Encap Security for an undisclosed fee.

HSBC UK introduces fraud awareness app to bolster business safety

HSBC UK has launched a fraud awareness app to provide companies with news on emerging scams in real-time as well as tips and advice.

Cybercriminal forum offers $100k prize for stealing cryptocurrency assets

A Russian-speaking cybercriminal forum has hosted a contest for cybercriminals to provide methods for targeting cryptocurrency-related technology.

Sweden temporarily closes infectious diseases database due to hack attempts

The Swedish Public Health Agency temporarily closed down the country’s infectious diseases database SmiNet following several hacking attempts.

US confirms JBS Foods ransomware cyberattack likely Russia-linked

The US has confirmed that the cyberattack on food processing company JBS Foods was a ransomware attack likely coordinated by a Russian group.
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