Identity Verification – Your Pass http://your-pass.com/ Thu, 25 Nov 2021 04:40:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://your-pass.com/wp-content/uploads/2021/05/your-pass-icon-150x150.png Identity Verification – Your Pass http://your-pass.com/ 32 32 UK bans universal default passwords for connected objects, fines await those who do not comply https://your-pass.com/uk-bans-universal-default-passwords-for-connected-objects-fines-await-those-who-do-not-comply/ Thu, 25 Nov 2021 04:00:00 +0000 https://your-pass.com/uk-bans-universal-default-passwords-for-connected-objects-fines-await-those-who-do-not-comply/

The UK now bans universal default passwords for IoT or Internet of Things devices under its new law. In addition, heavy penalties await companies that disobey and fail to comply.

(Photo: by Leon Neal / Getty Images)
LONDON, ENGLAND – AUG 09: In this photo illustration, a woman is silhouetted against a projection of a password login dialog box on August 09, 2017 in London, England. With so many areas of modern life requiring identity verification, online security remains a constant concern, especially in the wake of the recent wave of global hacks.

UK bans universal default passwords for connected objects

The UK Parliament passed the new law, which expressed its aversion to default passwords, to prevent them from being reset after the device was restored to factory settings, according to the Gizmodo report.

Instead, the bill called The Product Security and Telecommunications Infrastructure Bill or PSTI now requires tech companies to use unique passwords for IoT home devices.

UK Media, Data and Digital Infrastructure Minister Julia Lopez said in a statement that cyber attacks or hackers try to “break into people’s smart devices” in alarming ways on a daily basis.

Lopez further noted that consumers have a false sense of security when it comes to products sold in the market. Instead, these devices “put many of us at risk of fraud and theft.”

Meanwhile, according to the BBC article, a recent study by the consumer watchdog titled “Which?” have shown that smart home devices are exposed to thousands of cyber attacks, compromising homeowner security.

To be precise, there are potentially around 12,000 attacks on IoT devices every week, according to recent research.

That said, a security expert told the BBC that banning default passwords was the “first step” to further prevent such attacks.

On top of that, another report from cybersecurity firm Symantec in 2020 also showed that universal IoT passwords expose home devices to cyber attacks.

The study then found that 55% of IoT attacks used the default password “123456”. On the other hand, 3% of hacking incidents were infiltrated by another universally used password, “admin”.

Default passwords and fines

That said, the UK’s PSTI bill aims to increase the security of smart home devices by punishing tech companies that use universal passwords by default.

The high fine that the British nation is imposing is no joke.

In fact, companies that fail to meet new security standards in the region will have to pay $ 11.2 million or € 10 million.

Not to mention, the penalty could be more costly as there is also an option to base it on the tech firm’s global revenue of up to four percent.

Read also: UK Watchdog surveys Apple and Google on how they reach the age range of its users

UK law requires more transparency in security updates

On top of that, the new law also requires tech companies to be more transparent about both security patches and updates to their smart home products.

It should be noted that the bill further claimed that only 20% of IoT companies practiced transparency for their security updates. As such, the new law is poised to change those numbers.

Associated article: North Korean-backed hackers allegedly modified malware to violate US, UK and other countries

This article is the property of Tech Times

Written by Teejay Boris

2021 TECHTIMES.com All rights reserved. Do not reproduce without permission.

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El Salvador Bitcoin Bond: super promotion for security tokens? – General ledger information https://your-pass.com/el-salvador-bitcoin-bond-super-promotion-for-security-tokens-general-ledger-information/ Tue, 23 Nov 2021 11:46:22 +0000 https://your-pass.com/el-salvador-bitcoin-bond-super-promotion-for-security-tokens-general-ledger-information/

El Salvador’s announcement of its intention to issue a 10-year billion dollar Bitcoin bond has sparked skepticism in the mainstream media. Part of that is because it carries a 6.5% coupon, while El Salvador’s other ten-year bonds are currently yielding 13%. But we think a few key points are missed, such as the overall goal of compressing Bitcoin’s supply.

We will briefly explore the link, but the focus is on three other aspects. This is a brilliant marketing campaign for a new token bond asset class. It also highlights how some first world regulated entities are starting to interact with some controversial entities. And one of the motives for issuing bonds is to reduce the available supply of Bitcoin. Some might see this as an attempt to manipulate the market.

Half of the bond proceeds are intended for building Bitcoin City and Bitcoin mining infrastructure. The other half will be invested in Bitcoin, which will be blocked for five years. Part of the gain on Bitcoin will go to investors as Bitcoin is sold on a quarterly basis starting at five years. These gains have been the argument used to explain why a 6.5% coupon is not comparable to existing bonds.

Brilliant promotion

Bitcoin software and mining company Blockstream are credited with coming up with the idea. The bonds will be issued using its Liquid Network, a Bitcoin side chain that supports tokenized securities. Unlike the main Bitcoin chain, Liquid enables confidential transactions, identity verification, and settlement in two minutes. Blockstream and its executives have used Liquid to issue securities, including with the approval of German regulator BAFIN.

If you take a step back, pretty much all of the major financial media covered this Bitcoin Bond. This is much more visible than when the Commonwealth Bank issued a blockchain bond for the World Bank in 2018. Last week, the Swiss exchange SIX launched its SIX Digital Exchange (SDX) which included a tokenized bond for SIX. Most mainstream outlets didn’t mention it. However, the European Investment Bank’s Ethereum bond fared a bit better, but not on this scale.

The Bitcoin Bond is a potential win-win for all parties involved. The liquid network gets massive exposure. Bitfinex, the controversial crypto company associated with Tether stablecoin and banned in New York City, gets another regulatory license. It is already a regulated Kazakh institution. And Bitfinex writes the rules for cryptocurrencies and digital securities. It’s also good for Blockstream as Bifinex’s parent company, iFinex, is one of its main investors.

El Salvador, with a GDP of just $ 24.6 billion, is receiving a massive influx of money as it grapples with the IMF. And assuming most investor funds come from Bitcoin maximalists, investors can support an attempt to contract Bitcoin’s supply. So even though, God forbid, they end up not getting reimbursed, they may be hoping for a return on future price cuts.

Bitcoin compression

Blockstream’s chief strategy officer Samson Mow spoke on stage at the launch event. He said it would be El Salvador’s first Bitcoin bond issue, with plans for more.

Speaking of the $ 500 million invested in Bitcoin, he said, “There is a five-year lock on the bond, so it’s half a billion dollars taken off the market for five years. If you make nine more bonds, that makes ten bonds. That’s five billion Bitcoin taken off the market for ten years. And if you get ten more countries to do those bonds, that’s half the market cap of Bitcoin there. Mow was on stage, so maybe a little nervous as ten countries would represent $ 50 billion or 5% of Bitcoin’s market cap. Nevertheless, the intention is clear. “This is the start of a FOMO nation state,” he said.

He went on to explain that he thought Bitcoin would be worth a million in five years. We calculated that if half of the price increase was shared with investors as a dividend, it would leave the country with $ 4 billion in earnings that would easily pay investors back. But this is all based on a bet that Bitcoin will be worth a million in five years and that the proceeds will not be used for any other purpose.

If there is a genuine belief in Bitcoin as a currency, then there is an argument that the bond should be denominated in Bitcoin, not dollars. Of course, if there is an expectation of price appreciation exaggerated by an expected price suppression, this might not work for El Salvador as far as reimbursement is concerned. Unless Bitcoin really becomes mainstream in the country, not just legal tender. What if he wasn’t so dependent on inbound dollar remittances.

Let us return to this liquid network.

Regulated entities rub shoulders with prohibited entities

It would be a mistake to view Blockstream and its liquid network as purely niche. The two companies work alongside traditional regulated entities. For example, Daiwa has issued securities on the Liquid Network. The Swiss exchange SIX is a member of the Federation of Liquid, as is Komainu, the crypto custodian joint venture owned by Nomura. Blockstream provides Bitcoin mining services to Fidelity and Galaxy Digital. And Goldman Sachs clients invest in Galaxy Digital funds. Baillie Gifford, one of Britain’s top ten asset managers, led Blockstream’s $ 210 million Series B funding alongside iFinex precisely because of his interest in tokenized securities.

It is the association with Bitfinex that raises the eyebrows. iFinex, the parent company of crypto exchange Bitfinex has an agreement with El Salvador. It will help the country “to create and implement well-balanced cryptocurrency laws, regulations, rules and guidelines, especially in relation to digital financial instruments to promote the growth of the crypto industry. -currencies in El Salvador, ”he said in a statement. .

Take a step back. This is the same organization that was banned by the New York attorney general because of the lending of Tether stablecoin backing assets used to cover Bifinex’s losses, among other issues. There will be a Salvadoran law that has not yet been created and, therefore, it is not possible that Bitfinex has been reviewed as a suitable and compliant institution. But it has already been decided that Bitfinex will get a license. After all, it will help write the rules.

“You know that with Bitfinex they have a lot of whales, so I don’t see a problem with fulfilling a billion dollar obligation,” Mow said onstage at the launch event. In a Bloomberg interview, Mow wore a T-shirt featuring the Tether stablecoin logo. Why not just invest the Tether stablecoin reserves directly into the Bitcoin Bond? Would you be willing to bet against this, if not for this link, then a future?

So, on the one hand, the Bitcoin Bond appears to be a brilliant marketing initiative for the Liquid Network and digital bonds in general.

But its association with a strongly authoritarian government, Bitfinex, not known for its past transparency, combined with the motivation for a Bitcoin squeeze, raises questions. Blockchain has the potential to offer a brighter future. Is the picture of the future painted by this particular event any better than the one we have now?


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Adobe partners with Bolt to add one-click payment https://your-pass.com/adobe-partners-with-bolt-to-add-one-click-payment/ Sun, 21 Nov 2021 21:50:08 +0000 https://your-pass.com/adobe-partners-with-bolt-to-add-one-click-payment/

Retailers using Adobe eCommerce software tools will soon be able to add one-click payment. Adobe has announced that it will add the feature through a partnership with Bolt, Reuters reported.

If Bolt has already seen the retailer’s customer among its own network of 10 million buyers, it will complete its payment information and charge the merchant a fee, according to the report.

“We see a 60% higher conversion rate when we are able to pre-populate all of this information,” Bolt chief commercial officer Bob Buch told Reuters.

This joins several other partnerships announced by Adobe in recent months, according to the report.

Last week, Adobe also announced the launch of an integrated solution that combines electronic signature workflows, powered by Adobe Sign, with instant payments in the US and globally via Mastercard Send.

Read more: Adobe and Mastercard team to accelerate digital payments

The collaboration offers an end-to-end digital document workflow with secure online forms, identity verification, automated document routing for approvals, electronic signatures and instant payments.

In October, e-commerce rental company Katapult became an Accelerate Partner under the Adobe Exchange Program.

See more : Katapult Ecommerce Leasing Company Joins Adobe Exchange Program

Katapult’s lease-to-own option is available as an extension in the payment category of Adobe’s Magento marketplace and integrates with digital platforms. Funding is fast, providing consumers with an easy payment experience.

As an Accelerate Partner, Katapult merchants using Adobe Commerce or Magento Open Source will receive priority support and access to real-time data and partner offers.

In September, Adobe announced it was adding payment services to Adobe Commerce, a move that allows merchants to avoid having to integrate with third-party payment services.

Read more: Adobe Commerce to Deploy PayPal-Based Payment Services

Powered by the PayPal commerce platform, the services will be available to Adobe merchants in the United States in the fourth quarter of this year and in Canada, Australia and Western Europe in 2022.

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NEW PYMNTS DATA: 2021 HOLIDAY SHOPPING PERSPECTIVES

On: It’s almost time for the holiday shopping season, and nearly 90% of American consumers plan to do at least some of their purchases online, up 13% from 2020. The 2021 Holiday Shopping Outlook, PYMNTS surveyed more than 3,600 consumers to find out more about what drives online sales this holiday season and the impact of product availability and personalized rewards on merchant preferences.

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Shufti Pro Continues Global Expansion With Another Office In Cyprus https://your-pass.com/shufti-pro-continues-global-expansion-with-another-office-in-cyprus/ Sat, 20 Nov 2021 08:00:00 +0000 https://your-pass.com/shufti-pro-continues-global-expansion-with-another-office-in-cyprus/ London, UK, November 20, 2021 – (PR.com) – World-renowned IDV and KYC service provider, Shufti Pro has officially opened the doors of its new office in Arch. Makarios III Avenue 229 in Limassol, Cyprus, run by the company’s chief innovation officer, Dr Costas Konis.

Any local business or representative can visit the office at their location.

The unparalleled geographical location of Cyprus develops a link between Europe, Asia and Africa, which facilitates companies in better B2B affiliations. The tertiary sector of services and the free market in Cyprus prompts many companies to set up their headquarters there, making it an ideal location for Shufti Pro to expand its customer base.

Based in London, UK, Shufti Pro provides state-of-the-art identity verification services worldwide with regional offices in Sweden, Dubai, Ukraine and Cyprus.

Commenting on the opening of the new office, Victor Fredung, CEO of Shufti Pro, said: “Cyprus is a big country where we see a lot of different companies moving their headquarters. We believe this is a great place to expand our global operations and we are very excited about this opening. “

New location strengthens Shufti Pro’s European presence and helps the company better deliver its automated identity verification services to industries such as forex, education, banking, healthcare, cryptocurrency and others .

“The launch of our new regional office in Limassol, Cyprus aligns with our mission of global expansion and we are not going to stop there,” said Shahid Hanif, co-founder and CTO of Shufti Pro.

It is expected that this global expansion will help Shufti Pro achieve a fair share in the Fintech and Regtech markets in the European region. Based on the geographic importance of Cyprus, Shufti Pro will have a better opportunity to connect with global businesses in the region.

The company is quickly meeting its global expansion goals, this is the third new office this year. Previously, it launched two new locations in Ukraine and UK. International companies looking for a Global IDV Partner can contact Shufti Pro (www.shuftipro.com) at one of its offices or through its website.

About Shufti Pro
AI-powered digital identity verification solutions provider Shufti Pro offers KYC, KYB and AML services in more than 230 countries and territories. It provides solutions based on the principles of trust, authenticity and transparency. Given its ability to verify over 3000 documents, Shufti Pro authenticates documents in over 150 languages ​​with an accuracy rate of 98.67%. Through its efficient AI-powered verification services, the company aims to create a secure digital marketplace free from identity theft and other fraudulent activity.

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Tech Moves: Booster Hires Former UberEats Leader; The first mode extends the C-suite; and more https://your-pass.com/tech-moves-booster-hires-former-ubereats-leader-the-first-mode-extends-the-c-suite-and-more/ Thu, 18 Nov 2021 16:00:00 +0000 https://your-pass.com/tech-moves-booster-hires-former-ubereats-leader-the-first-mode-extends-the-c-suite-and-more/
Adrien Agostini. (Recall photo)

– Booster, previously known as Booster Fuels, has hired former Amazon and Uber VP Adrian Agostini as chief revenue officer. Most recently, he was CRO at Zume, a sustainable packaging company.

Based in Seattle, Agostini spent over 15 years at Oracle before joining Amazon. At Uber, he was Global Sales Manager for UberEats, responsible for integrating restaurants with the food delivery platform.

Originally started in Seattle by former Boeing engineer Frank Mycroft, Booster has moved to the Bay Area and is headquartered in San Mateo, California.

Booster’s mobile fuel delivery services use proprietary trucks to refuel individual and fleet vehicles. The company launched its service in the Seattle area two years ago and tested a consumer version earlier this year after lawmakers in Washington state approved a law allowing mobile refueling.

The company recently announced a partnership with Renewable Energy Group to add renewable fuels and biodiesel to its offerings. Renewable Energy Group, a producer of biofuels, also made an undisclosed investment in Booster. Seattle-based companies Madrona Venture Group, Vulcan Capital and Maveron are also investors.

The company also announced additional appointments to executives based outside the Pacific Northwest:

Elizabeth Frank (left) and Rhae Adams. (Photos of the first mode)

– Seattle-based First Mode has promoted Elizabeth Frank to Chief Scientist and Rhae Adams to Chief Operating Officer.

Frank was most recently a senior scientist in applied planetary science. Adams, member of the board of directors and co-founder of First Mode, was most recently Managing Director of the Americas. Both are former employees of Planetary Resources, an asteroid mining company that disbanded in 2018, prompting a group of employees to found First Mode.

The engineering firm’s plans include a hydrogen mining vehicle that could become one of the largest zero-emission vehicles on Earth, a hydrogen racing truck for the Baja 1000, as well as hardware for deep space. for NASA.

In October, the company announced a multi-year agreement and an investment of $ 8.5 million from global mining company Anglo American. First Mode now has more than 150 employees and plans to double its number of employees worldwide in 2022.

– Idaho-based online identity verification company Pipl has appointed Eric Choi as chief marketing officer and Brian Piccioni as chief financial officer.

Choi was previously an executive at LexisNexis Risk Solutions and Emailage. He is based in Irvine, California. Based in the Washington, DC area, Piccioni was most recently CFO at ID.me.

Other identity verification companies in the Pacific Northwest include Vouched, Ekata, Trulioo, and Auth0.

Kelsey Klevenberg. (Photo of the route line)

– Former Zipwhip Inside Sales Manager Kelsey Klevenberg is now responsible for sales and growth at Route Line, a pre-launch “adventure vehicle” startup.

Most recently, he was Senior Director of augmented reality startup Taqtile and was responsible for developing new activities for Indian hotel startup OYO for Washington and Hawaii.

–Nicholas Limas left SpaceX to join fusion energy company Helion as director of engineering. Helion closed a $ 500 million funding round earlier this month led by Open AI CEO Sam Altman.

Limas joined SpaceX in 2015 and was most recently responsible for the construction engineering of Starship, according to his LinkedIn profile.

Seattle-based healthcare provider First Choice Health has hired David Kinard as director of sales and Shidan Greene as vice president of operations, both veterans of the health insurance industry.

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Spain ranks FacePhi as a strategic company for the country https://your-pass.com/spain-ranks-facephi-as-a-strategic-company-for-the-country/ Tue, 16 Nov 2021 22:04:51 +0000 https://your-pass.com/spain-ranks-facephi-as-a-strategic-company-for-the-country/

FacePhi will try to attract more international talent after being classified as a “strategic” company by the Spanish government. The designation is courtesy of the Spanish Ministry of Industry, Trade and Tourism and will allow FacePhi to issue special visas to highly qualified professionals for the next two years.

New recruits who receive the special visas will be immediately allowed to settle in Spain. FacePhi hopes this advantage will make it easier to attract top talent from around the world and build on its explosive growth over the past two years. The company has doubled in size to 60 employees in 2020 and has grown to over 150 employees as the end of 2021 approaches. FacePhi is based in Alicante, Spain, and currently offers a hybrid work model that allows people to work from the office or from your home.

The International Trade and Investments Branch ranked FacePhi as a strategic company for its contributions to the fintech sector, and for its digital integration and facial recognition technology in particular. Seventy percent of the company’s employees benefit from the hybrid work model, and 70 percent of those employees are engineers and specialists who fill various technical roles within the company.

“This recognition is important for us, both for the opportunity it gives us to continue integrating highly qualified professionals into our project, and for the support it represents for technological innovation promoted by SMEs” , said Javier Mira, CEO of FacePhi. “Identity verification technology is increasingly becoming part of our daily lives and will play a fundamental role in the digital transformation of businesses and institutions. “

FacePhi staff recently received a Telecommunications Talent Award from the Official College and the Association of Telecom Graduates and Technical Engineers of Valencia. The Spanish Chamber of Commerce also awarded the company its National SME Award for 2020.

November 16, 2021 – by Eric Weiss

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Hybrid work drives a shift to identity-centric security https://your-pass.com/hybrid-work-drives-a-shift-to-identity-centric-security/ https://your-pass.com/hybrid-work-drives-a-shift-to-identity-centric-security/#respond Fri, 12 Nov 2021 09:59:06 +0000 https://your-pass.com/hybrid-work-drives-a-shift-to-identity-centric-security/

The COVID-19 pandemic has been one of the most disruptive workforce events of the century. The disruption began when organizations were forced to deal with a remote workforce, discovering that it was not only possible, but productive as well.

The last eighteen months have dramatically changed the attitude of organizations towards remote working, but not to the point of fully embracing such a model in the future. Yes, there are organizations that are operating and plan to continue operating in fully remote mode. But a more likely model is a hybrid model in which some employees work from home, others work in the office, and still others in a combination of the two.

Debates rage over who should decide where employees work on any given day, as well as how many days they should be in the office, but in general the notion of a fully hybrid workforce has been accepted. in industries that can support it.

Personally, I watch these discussions with detached interest because, well, I’ve never been in the office and trust me, I won’t be. I94 in Seattle is really, really long road.

To be fair, the details of implementing a hybrid working model aren’t as important as the outcome – there will be employees working from home and office every day of the week. Hybrid job is the new default.

This will have a profound impact on the future of access strategies.

IP-based access

You see, traditional IP technologies rely heavily on a fixed set of network ranges and addresses. Policies deny or allow access to network and application resources based on IP.

This is the purpose of a VPN; to efficiently assign you a “local” IP address that is part of the range of IP addresses allowed to spread freely on the corporate network.

We could continue to do that. But we won’t, at least not for most of the workforce. There will always be operators and engineers who need the kind of network access a VPN provides, but let’s be honest; I don’t need a VPN to browse Confluence or SharePoint or bug architects on Slack. If my productivity and communication needs are fully met by the apps, then I really don’t need to access the network.

And let’s face it, restricting network access is probably the best security policy change we can make right now given the increasing incidents of malware, ransomware, and other malware. The less these destructive constructs can access resources, the better.

This is a real threat because the reality is that a hybrid workforce – largely transient – is likely to pick up malware and one day connect to the VPN and then BAM! You have problems. This is part of the reason why a good VPN solution includes health scans and checks before anything else. But not all VPN solutions are good solutions, and some organizations do not require scans even though the VPN solution can provide it.

It also doesn’t mean sun and unicorns for app access solutions. Because a lot of them are IP based and in a business there are a lot of IP addresses to manage.

The number of network devices that a single NetOps must manage is significant in itself – more than half manage between 251 and 5,000 devices. (NetDevOps annual survey).

Add to that my personal and private IP address and the personal and private IP addresses of anyone who might be working from home today. Oh, and let’s not forget the growing number of machine-to-machine communications that need to be secure. Cisco’s annual Internet report predicts that “by 2023 there will be more than three times as many networked devices on Earth as there are humans. About half of the global connections will be machine-to-machine connections. “

The result is an untenable model that overwhelms operators, security teams, and ultimately the departments and systems that must enforce policies.

Identity is the way

The security challenges associated with hybrid work add to those arising from the rapid pace of digitization. Together, these challenges will steer security models towards an identity-centric approach. This approach takes into account not only human users, but also machine users in the form of workloads, devices and scripts. After all, workloads are increasingly as transient as people. And finally, workload A is always workload A, regardless of the IP address it uses. Just like I am always me, whether I’m in my home office or at the Minneapolis airport, or the Seattle office.

While IP can certainly be part of an identity-centric security policy, it is not the primary or determining factor in allowing access to a resource. Rather, it becomes an attribute that helps determine the level of identity verification that should be required.

If I am on the VPN / corporate network, maybe my credentials are sufficient. But if I’m not then maybe my credentials and a second factor should be required. And if I’m trying to access from an unpublished IP address, maybe there is a third factor.

Regardless of how an IP address is used, it should no longer be used on its own. Not even for workloads. After all, malware can be found on the corporate network, but it should never be allowed to access applications and resources.

Additionally, we need to extend our understanding of identity beyond people to the workloads, applications and devices we increasingly rely on.

I’m sure I didn’t have to mention the SolarWinds debacle. But are you aware of threats like Siloscape, described as “malware [that] opens known vulnerabilities in web servers and databases to compromise Kubernetes nodes and backdoor clusters ”and the threat of misconfigured management consoles. Many management consoles are primarily secured by IP-based controls which end up being disabled as they interfere with remote access, a must with today’s hybrid working model. A more robust, identity-based set of access controls would provide protection against hacking and unauthorized use, regardless of the original location. Additionally, robust identity-centric security would provide protection against compromised systems that attempt to infect, hijack, or exploit other corporate network security resources.

We have been moving slowly towards identity-based security for a long time. But the explosive growth of automation and digitization, along with the trend towards hybrid work models, will accelerate this movement until we finally abandon IP addresses as the primary method of access control.

Identity-centric security is the solution.

Sr Product Manager

F5

Expert Comments: 0

Safety Items: 1

Lori MacVittie is responsible for evangelism across the entire F5 portfolio, including a wide range of network and application security solutions. Prior to joining F5, MacVittie was an award-winning Technology Editor at Network Computing Magazine with … Read More

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ComplyCube strengthens biometric spoof detection as part of the renewal … https://your-pass.com/complycube-strengthens-biometric-spoof-detection-as-part-of-the-renewal/ https://your-pass.com/complycube-strengthens-biometric-spoof-detection-as-part-of-the-renewal/#respond Wed, 10 Nov 2021 10:29:24 +0000 https://your-pass.com/complycube-strengthens-biometric-spoof-detection-as-part-of-the-renewal/

(MENAFN-EIN Presswire)

ComplyCube Identity Verification API

The SaaS company says the enhanced alertness detection tackles the increase in biometric spoofing spurred by the crypto bull market.

LONDON, UK, Nov 10, 2021 /EINPresswire.com/ – Leading Identity Verification Provider (IDV) ComplyCube has enhanced its biometric capability with advanced vividness detection technology. The company has rolled out the major improvement in response to the increase in identity theft attacks, particularly in the financial services and cryptocurrency industries.

Vivacity detection ensures that the person trying to open a bank account, sign up for a service, or run a high value transaction service is actually present during the process and is not being spoofed. identity. Smartness checks are difficult, but not impossible, to circumvent, especially as fraudsters discover the strategies behind identity theft checks. Identity verification service providers must continually invest in their platforms or risk falling behind highly motivated criminals.

Driven by its goal of staying ahead of scammers, ComplyCube regularly implements improvements to its liveness solution. The introduction of advanced presentation attack detection (PAD) technology will improve its ability to detect a wide range of spoofing attacks such as:

– Printed photo attack: A fraudster uses a printed photo of an individual to present during verification.
– Printed Mask Attack: A scammer uses a mask or photo, often with holes cut out for blinking, a common and crude liveliness test.
– Video Replay Attack: An impostor presents a video of an individual to trick a verification system that expects movement to establish liveliness.
– 3D mask attack: a fraudster buys or creates a silicone or plastic mask of an individual.

Global company Know Your Customer (KYC) says enhanced biometric spoof detection will be available as standard across all integration channels, including its Application Programming Interface (API), Software Development Kits (SDKs) ) and the recently announced hosted solution, Flow ™. .

ComplyCube says it will continue to invest heavily in its market-leading AI-powered platform. He intends to triple his deep learning team after adding top clients in government, telecommunications, travel, financial services and cryptocurrency, since early 2021.

On

ComplyCube is a leading SaaS platform for Identity Verification (IDV), Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance automation.

ComplyCube’s platform is powered by artificial intelligence (AI) and expert human reviewers. It offers AML filtering, document authentication, identity verification, multi-office verifications, real-time monitoring, proof of address, case management, risk profiling and much more.

Please visit to learn more.

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The impact of artificial intelligence is the subject of a White House investigation https://your-pass.com/the-impact-of-artificial-intelligence-is-the-subject-of-a-white-house-investigation/ https://your-pass.com/the-impact-of-artificial-intelligence-is-the-subject-of-a-white-house-investigation/#respond Mon, 08 Nov 2021 17:15:37 +0000 https://your-pass.com/the-impact-of-artificial-intelligence-is-the-subject-of-a-white-house-investigation/

As the country recovers from the economic downturn from COVID-19, job interviews are accelerating even though many of us are working from home. Many of these interviews are conducted by videoconference. What some candidates at large organizations don’t know is that their interview is recorded and analyzed by artificial intelligence tools for voice and behavioral analysis. As a result, it is quite possible that a computer program powered by artificial intelligence would recommend rejecting a candidate. The emergence of the application of artificial intelligence in the daily lives of citizens has caught the attention of the White House. This article reviews a recent initiative by the White House Office of Science and Technology (OST) to gather information and public opinion on the deployment of artificial intelligence.

The federal government often collects information on a specialized topic through a request for public information (RFI). As a result of this procedure, the Office of the President responsible for science and technology policy issued a RFI on the uses of biometric technologies by the public and private sectors on October 8, 2021.. The public has been invited to submit information on current deployments, pilot projects and future proposals in the field of biometric technologies. Specifically, RFI researched data on the use of these technologies for identity verification, recognition of individuals, and inference of attributes, including mental and emotional states.

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Changing market of biometric regulations and standards https://your-pass.com/changing-market-of-biometric-regulations-and-standards/ https://your-pass.com/changing-market-of-biometric-regulations-and-standards/#respond Sat, 06 Nov 2021 15:57:40 +0000 https://your-pass.com/changing-market-of-biometric-regulations-and-standards/

Pushing and pulling biometrics and related technologies from regulations and standards is one of the main threads of the most read articles on Biometric update over the past week. Idemia’s biometric payment card with Zwipe and Idex Biometrics technologies has been approved as meeting Mastercard and Visa standards, and the mDL provided by the GET group in Utah is increasingly accepted, while Vision-Box continues to expand and Smart Engines has been deployed at international airports. . The hiring at Idemia North America and B-Secur and a new appointment to GDS in the UK indicate which side has the most effect in the overall market.

Top biometric news of the week

Idemia’s biometric payment cards based on its F.CODE platform have achieved full certification by Visa and Mastercard, with the latter issuing an official letter of approval for the technology. Partners Zwipe and Idex Biometrics, who bring their technology to cards, also claim to benefit from certifications.

Idemia North America, meanwhile, continued to strengthen its team with the appointment of Douglas Harvey as the new CTO. Harvey will focus on developing cloud solutions for US government entities to deploy biometrics and credential security. The company also added Lisa Sullivan as senior vice president of travel and transportation and Lisa Shoemaker as vice president of government relations.

The World Economic Forum advocates digital ID for developing economies in a white paper, identifying three accelerators to recover from the economic damage of the pandemic. Accelerators are increased access to public and private services and financial management for individuals, and financing for businesses.

Banks are starting to find value in biometrics beyond remote integration, writes Innovatrics founder and CEO Ján Lunter in a guest post. Likewise, governments are catching up to adopt a myriad of uses for biometrics, from town hall to border. Concerns such as skewed data continue to challenge customers, which is why Lunter provides advice on choosing a biometrics provider.

The UK government has set aside £ 400m (around US $ 546m) to fund GDS’s OneLogin SSO capability in its fall budget, and plans to launch it in five months under the leadership of the new director of GDS Digital Identity, Natalie Jones. The government is also working on a Gov.uk application with ID document chip scanning and biometrics.

A UK government program is also helping Freevolt step up its development of biometric smart card technology. Acceptance into the UK Scaleup Program provides access to funding and assistance in planning for internationalization.

B-Secur has raised $ 12 million to fuel the advancement of its heart rate biometrics in the US market. Fittingly, the cycle was led by the company’s top US investor, First Capital Ventures. A series of new appointments accompanied the funding announcement.

Clearview AI entered the NIST FRVT, demonstrating high accuracy across all use case categories and demographics in the latest update. CEO Hoan Ton-That tells Biometric update in an email that the demographic breakdown included in the results of the 1: 1 check is the reason the company chose this benchmark for their initial entry.

The data protection authority of the Canadian province of Quebec has declared the use of facial recognition with temperature detection systems prohibited under data privacy laws. The Dutch DPA has warned retailers against using facial recognition to prevent shoplifting, and a group of national data regulators have released the modest results of their engagement with video conferencing providers.

It would surprise many people to know that Canada has been experimenting with voice biometrics at its U.S. border for decades, according to consulting firm Berkeley Research Group. An agreement between the Clinton and Chrétien governments in 1996 resulted in a trial of identity verification by voice recognition and a PIN code to allow night crossings at entry points closed at night in rural areas. The Canada Border Services Agency says the technology had a 95% accuracy rate, but was shut down following September 11.

Collin Davis and Mark Horne of Pindrop suggest voice biometrics as a path to logical password-less access control, due to the unique characteristics of the modality and the evolution of interaction methods. Voice cannot only be used for authentication simultaneously with the delivery of an instruction or the fulfillment of a request, it is increasingly used for remote engagements and interaction with new systems such as than automobiles and IoT.

Vision-Box’s airport biometrics partners plan to expand the experiences of contactless travelers, with a pilot project at Lisbon airport and stakeholder discussions in the United Arab Emirates. Elsewhere, the Moscow SVO has deployed Smart Engines passport scanning technology in 20 electronic gates, and LAX is testing reservations for TSA security checks.

Mobile driver’s licenses continue to advance in the United States, with Utah’s mDL provided by the GET group being legally accepted for age checks on alcohol purchases, and Mississippi unveiling plans to launch its mDL as well as a digital ID wallet that could also be used to store proof of COVID Vaccination.

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Articles topics

biometric cards | biometrics | border management | digital identification | digital identity | facial recognition | financing | identity verification | integration | regulation | standards | voice biometrics

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