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30% of Enterprises Will Consider Identity Verification and Authentication Solutions Unreliable in Isolation Due to AI-Generated Deepfakes by 2026

Deepak
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By 2026, attacks using AI-generated deepfakes on face biometrics will mean that 30% of enterprises will no longer consider such identity verification and authentication solutions to be reliable in isolation, according to Gartner, Inc. “In the past decade, several inflection points in fields of AI have occurred that allow for the creation of synthetic images. These artificially generated images of real people’s faces, known as deepfakes, can be used by malicious actors to undermine biometric authentication or render it inefficient,” said Akif Khan, VP Analyst at Gartner. […]
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Transmit-Security_Mickey-Boodaei
Biometrics

Six New Year Predictions On Combatting ID Fraud

Deepak
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Here, Mickey Boodaei, CEO & Co-Founder, Transmit Security shares his opinion on the trends, research and predictions on today’s challenges of identity fraud and why identity threat cannot just be ignored. 1. Trend: Generative AI is enabling fraudsters to create more deceptive phishing campaigns, deepfakes and cyber threats that evade standard detection methods. Proof: Fraud GPT is a real service (among others) on the dark web, giving cyber criminals the power of generative AI with no security guardrails. Want malicious code? Just […]
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Biometric Authentication
Biometrics

2024 Digital Identity Trends And Predictions

Deepak
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This year, the volume of AI-generated identity attacks has escalated to such a level that it has become a topic of consideration for consumers, organizations, and even world leaders. Biometrics stands as a transformative force in reshaping how individuals interact with digital systems and how organizations safeguard sensitive information. As 2024 edges ever closer, the digital identity landscape is poised for significant advances, with innovations set to redefine verification, elevate security standards, and enhance user experiences. Join us as we […]
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Midsection Of Woman Using Mobile Phone
Biometrics

Strong Growth In Digital ID Market Drives Biometrics Sector

Deepak
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Marketsandmarkets researchers estimate that the global digital identity solutions, or DIS, market size is projected to grow from USD 34.5 billion in 2023 to USD 83.2 billion by 2028 at a more than healthy CAGR of 19.3% during the forecast period. The rise in identity and authentication fraud and increased integration of AI, ML, and blockchain to enhance digital identities drives the growth of the DIS market. Moreover, the high cost associated with the deployment of digital identity solutions may […]
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KIB launches first Biometric Visa Card in Kuwait
Biometrics

KIB Launches First Biometric Visa Card In Kuwait

Deepak
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Kuwait International Bank (KIB) has announced the launch of its Biometric Visa Card, which uses the customer’s fingerprint to authorize POS transactions. The new offering will allow Visa Infinite cardholders to enroll their fingerprints on their biometric cards easily instead of requiring a PIN. The next-generation biometric card is based on Zwipe’s platform and dedicated to KIB’s Black Banking segment of customers, in line with the Bank’s digital transformational journey and ongoing efforts to provide its customers with digitally enhanced […]
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Biometric payment
Access & Identity

Areeba to Introduce Biometric Reading in MENA

Deepak
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Areeba sal, a payment processing service provider in the Middle East is strengthening its partnership with the Swiss payment expert, Netcetera. This partnership started in 2020 with the implementation of the latest 3-D Secure protocol, supported by Netcetera’s Access Control Server (ACS). In cooperation with Netcetera, areeba has introduced Out-of-Band authentication (OOB) with biometric reading (fingerprint scan or face recognition) as the most convenient method for its customers and their cardholders to do secure and flawlessly e-commerce transactions. This enables areeba […]
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Shiraz Kapadia, CEO & President of Invixium
Access & Identity

Invixium and IDCUBE signs global partnership

Editor
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Invixium, a global leader in biometric access control and workforce management solutions, and IDCUBE, a provider of the world’s most widely integrated – open platform for Physical Security and Identity Management, today jointly announced the signing of a new technology partnership
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