Remove Account Takeovers Remove Data Breach Remove User Authentication
article thumbnail

Deep Dive: How Digital ID Verification Helps Build Trust in Carsharing and Housesharing Platforms

PYMNTS

The following Deep Dive examines how digital ID verification and user authentication can foster consumer trust and why providing seamless enrollment is essential. . Other account takeover (ATO) schemes involve bots, which can conduct some 100 hits per second. Seamless, Secure Onboarding . More than 111 million U.S.

article thumbnail

Trust And Verification Undergird The Sharing Economy

PYMNTS

Attracting more participants in the sharing economy requires that new and existing users feel comfortable sharing their homes, cars, assets or expertise. When you create a new online account, we are capturing an image of the government-issued ID and a 3D face map. More than 111 million U.S.

article thumbnail

SpyCloud On Making Payments Smarter And Safer

PYMNTS

Cybercriminals have a new favorite weapon in their quest to allude regulators, law enforcement and corporate security departments: account takeovers. Recent research reveals account takeovers have risen by 300 percent over the past year, with losses topping $5 billion. The Rise Of Account Takeovers.

article thumbnail

How Joe Coffee Brings Mobile Order-Ahead To Independent Coffee Shops

PYMNTS

The Martins stated that security has been a top focus for the platform, particularly as data breaches become more common. The Martins attribute this to the app’s user authentication protocol, which requires users’ device IDs to be connected to the phone numbers registered to the app. Keeping the cup secure.