By now you’re probably familiar with the case where a finance worker in Hong Kong was tricked into paying out $25 million to fraudsters using deepfake technology to pose as the company’s chief financial officer (CNN).
According to research by TechTarget’s Enterprise Strategy Group, 59% of IT decision makers say that cybersecurity has become more difficult over the last two years. The main reason cited is remote and hybrid work. Other reasons that make it harder to manage cybersecurity are the changing threat landscape, the increase in the number of cloud applications, and the need to connect third-party users to corporate resources.
While establishing clear and open lines of communication and providing training and education sessions to improve relationships between security and business managers and increase adoption of security measures is important, implementing advanced identity verification (IDV) technology can also help.
Certn ID – A Leading Identity Verification Solution
Whether you’re a global enterprise navigating complex compliance requirements or a startup prioritizing user security, vetting the people who work for you is important. That’s why Certn was proud to announce its integration with Trustmatic, a leading identity verification software. By harnessing the power of Trustmatic’s state-of-the-art technology, Certn delivers Certn ID a seamless and secure identity verification solution tailored to the unique needs of businesses and individuals alike.
Certn ID is at the forefront of identity verification technology by offering a comprehensive platform that leverages advanced algorithms and data analytics to authenticate identities with unparalleled accuracy and efficiency. With a focus on security, compliance, and user experience, Certn ID empowers clients across many industries to streamline their identity verification processes while mitigating risk and enhancing trust.
Leading Features of Certn ID
Biometric Authentication
Biometric authentication enables users to verify individuals’ identities using biometric markers such as facial recognition, fingerprint scanning, and voice authentication. By leveraging biometric facial recognition, Certn ID ensures a higher level of security and accuracy in identity verification processes than knowledge-based authentication.
Document Liveness Detection
With Certn ID’s document verification features, Certn facilitates the verification of official documents such as government-issued IDs, passports, and driver’s licences. By automatically scanning and analyzing document images, Certn verifies their authenticity, enabling organizations to validate individuals’ identities with confidence.
Compliance Monitoring
Compliance is a top priority for organizations operating in regulated industries. Certn ID’s features enable organizations to adhere to industry regulations and standards, such as Know Your Customer (KYC) and anti-money laundering (AML) requirements. By automating compliance checks and audits, Certn helps organizations mitigate risk and maintain regulatory compliance.
Seamless User Experience
In today’s digital interactions, speed is of the essence. Certn ID’s real-time verification capabilities enable users to verify identities swiftly and accurately in under 30 seconds for faster onboarding.
Scalability and Customization
Whether you’re a startup with a growing user base or an enterprise with complex identity verification needs, our scalable architecture and customizable features make Certn ID adaptable to organizations of all sizes and industries.
Talk to an expert through the Certn ID service page to learn more.
Certn ID’s Identity Verification in Action
Certn ID, formerly Trustmatic, in partnership with SCAUT hosted a webinar with PEAK IDV to address the burgeoning challenge of AI-enabled identity fraud in the IT sector.
In the webinar, Donal Greene, the CEO of Trustmatic and VP – Global Head of Identity at Certn and Petr Moroz, the CEO of SCAUT answer questions from Steve Craig from PEAK IDV.
This webinar explores the intricate ways fraudsters exploit AI for malicious purposes, particularly focusing on a case of fake software developers in CentralEurope. It’s a must-watch not only for professionals in digital security and identity verification but also for HR professionals, offering vital insights into the complexities of modern-day fraud.
3 Key Topics Covered in the ID Verification Webinar
What Are the Unseen Risks of Inadequate Background Screening in Remote IT Hiring?
Petr Moroz emphasizes the critical dangers that can arise when companies overlook thorough background checks for remote IT employees. Out of many, these are the key risks that could lead to major losses for IT companies,:
- Data Theft: The risk of fraudsters accessing and stealing sensitive company data, leading to major security breaches
- Poor Quality Work and Financial Loss: Paying for sub-standard or uncompleted work by unqualified individuals
- Client Information Exposure: The danger of fraudsters gaining access to and exploiting clients’ confidential information
- Intellectual Property Theft: The potential for imposters to steal key code or product aspects, damaging the company’s competitive edge
- Reputational Damage: The negative impact on a company’s reputation due to hiring fraudulent individuals
Moroz’s insights stress the necessity of comprehensive background checks in remote IT hiring to safeguard company assets, protect client information, and maintain a firm’s reputation.
How is AI Being Manipulated in Committing Identity Fraud?
With the evolving landscape of AI tools, it’s becoming much easier to commit advanced identity fraud using artificial intelligence, presenting new challenges for identity verification systems.
Donal Greene highlighted two primary methods currently in use:
- AI-Generated Passport Websites: He describes websites where fraudsters can purchase highly convincing fake passports for as little as US$7-8, payable in cryptocurrency for discretion. These AI-generated documents are alarmingly reliable and create a significant challenge to verification processes.
- AI-Generated Images for Identity Documents: Donal also points out the use of websites such as www.thispersondoesnotexist.com, where fraudsters can obtain AI-generated images of non-existent individuals. These images can be seamlessly integrated into fake documents by removing the background and uploading them onto the required identity proofs.
For identity verification software providers, this not only underscores the importance of staying ahead in technology but also the need for continuous adaptation of verification methods to counter these sophisticated fraudulent techniques.
How Will the Landscape of Identity Verification Evolve in the Face of Sophisticated Fraud?
With years of experience in the identity industry, Donal Greene possesses deep knowledge and expertise in the field. During the webinar, Greene provides insights and forecasted the evolving trends and future of the industry. One of the key advancements Greene highlights is the concept of sharing verified credentials across different platforms.
Greene says:
“I don’t believe that users should be forced to go through various different IDV processes for accessing different services. If I got a job and verified my identity using SCAUT and I want to work evenings driving for Uber, I should be able to share my verified identity credentials with Uber or with Airbnb for my vacation, etc.”
This perspective underscores the push towards a more interconnected and user-friendly approach to identity verification, where the verification process is streamlined across various services, enhancing both efficiency and user experience. Read more about Certn’s Vision for Verifiable Credentials.
Additionally, Greene discusses the importance of layering up technology solutions to effectively combat fraud. In this era of rapidly progressing AI, particularly with the ease of creating deep fakes, it’s crucial for identity verification vendors to constantly evolve and improve their detection methods. Certn ID is focusing on developing advanced ways to detect fraud attacks and deep fakes, ensuring that their IDV systems remain robust against the increasingly sophisticated tactics employed by fraudsters.
Learn more about Certn ID.
