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Banking Execs Must ‘Wake Up’ as Security Measures Fail to Keep Up With Biometric Fraud

The Fintech Times

Banks are coming under an increasingly intense barrage of cybersecurity attacks, and many of these now use deepfakes and generative AI to make the initial breach. Now, Michael Marcotte, CEO of artius.iD , a digital ID and authentication firm, is calling on the cybersecurity industry to put banking at the top of the agenda.

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How Does Liveness Detection Help Stop More Fraud

Fi911

In doing so, it protects our banking processes and ensures only authentic interactions. Liveness detection is a pivotal security feature in different authentication processes, including biometric verification. The underlying premise is simple: authentic human features display innate motions and expressions.

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Hastings Direct Loans Partners with IDVerse

Finovate

Last month, IDVerse announced the beta launch of its real-time face matching solution , Face Access , that offers 99.998% accuracy and instant, secure user authentication.