Today, business takes place—often wholly-in the digital realm. With this seismic shift to ecommerce and the need for fast, reliable digital identity verification, fraudsters have learned to game the system with sophisticated schemes designed to siphon money from unsuspecting companies. International Revenue Share Fraud (IRSF)-an attack where fraudsters hi-jack routine business processes to divert funds
Telesign CEO Joe Burton recently provided his predictions on all-things digital security for 2022. As a recognized thought leader in the industry, Burton has plenty of unique insight into how things currently work, how that will change in the future, and what businesses can do to adapt. Here are five predictions he sees for the
For those of you interested in the overall architecture of identity innovation, the Future Identity Festival is a perfect fit. The hybrid event offers groundbreaking ideas and optimistic visions for the future of identity. It connects many different groups, including policymakers, tech providers and more. The 2021 Future Identity Festival in The Brewery, London, was
If you’re on the lookout for the newest trends in digital identity, security, and authentication, you’re probably aware of the IDWA (Identity Week Asia) event. Digital identity experts gather annually at Identity Week Asia to provide updates and insight into the identity landscape. The virtual event brings vital information to governments, financial institutions, healthcare
Even if you’ve developed the perfect SMS messaging campaign designed to increase customer loyalty and drive to purchase, it won’t be effective unless your customers have opted in to your SMS promotions. An “opt in” means that consent has been given from the customer or user to the company, permitting the SMS to be sent.
Trust is hard to earn and easy to lose. According to a recent McKinsey report, 87% of respondents said they would not do business with a company if they had concerns about its security practices. But protecting users against fraud and bad actors is becoming increasingly difficult. In fact, 2021 was the first year successful
Money 20/20 USA is always a powerhouse event, jam-packed with knowledge and information from the most important influencers and companies in the global fintech industry. Described as “the Superbowl of Fintech,” 2021 was extra special as Money 20/20 USA moved from a virtual venue back to an in-person show for the first time since the
Digitization of the payments industry has given rise to many new forms of payment, a popular one being the “buy now, pay later” (BNPL) industry. BNPL is offered through a segment of FinTechs, opening up a world for new payment possibilities for consumers and businesses alike. The BNPL industry is worth billions and offers new
SMS has been a consumer staple for more than two decades. Long before smartphones and high-speed internet, SMS pioneered real-time communications. Today, SMS is ubiquitous. More than 5 billion people – 65% of the world’s population – send and receive text messages. And the penetration is significantly higher in established countries – like Russia, where
Let’s face it – even with the strongest of passwords, two-factor authentication, or never getting reeled in by a phisher – anyone can be a victim of a cyberattack. If Jack Dorsey can get his Twitter account hacked – how exposed are your users? As the global adoption of digital banks, wallets, and cryptocurrency skyrockets,
Digital identification makes a happier, healthier, and safer online experience. But what about the experience when user verification fails to exist? Digital identity is increasingly top of mind. Recently, actor and producer Idris Elba took the position that social networks should not be anonymous. Elba’s call for more stringent identification requirements came after England soccer
The online world delivers instant access to unlimited shopping choices, nearly unlimited information, and global communications. It also offers an unprecedented degree of anonymity. This anonymity can be a blessing, but it also gives bad actors more places to hide as they work to steal information or to profit from scams and fraud. To