From a deepfake of Elon Musk becoming “the Internet’s biggest scammer” to one employee being duped into transferring over USD $25M, we expose five of the most notable cases of AI deepfake fraud (or attempted fraud) from 2024. With each passing day, AI deepfakes are becoming more sophisticated and easier to access, causing cases of […]
Incode Workforce and Okta have joined forces to protect organizations against identity-based cyberattacks throughout every stage of the employee lifecycle. This powerful partnership focuses on detecting and mitigating sophisticated social engineering tactics that exploit Generative Artificial Intelligence (GenAI), including deepfakes and advanced phishing techniques. Incode Workforce shared the stage with Okta at the Gartner IAM […]
Executive Summary Incode’s facial recognition technology is designed for accurate and fast identification/verification of a person’s identity based on facial images, without the need for physical document checks or human intervention. It ensures high recognition accuracy regardless of gender, age, race, or environmental conditions during capture. Despite challenges related to image quality in documents due […]
Why ML-based document verification is better Detection of fraudulent identity documents is an extremely difficult task for human beings for several reasons: Besides, document verification is even more tiring as it requires multitasking in checking dozens of different security features simultaneously for the occurrence of fraud signals in a document. And people are not generally […]
In today’s fast-paced digital environment, IT teams are constantly seeking ways to streamline operations while ensuring security remains robust. Traditional IT support models, particularly help desks, are often overwhelmed with simple requests such as password resets and MFA challenges. These repetitive tasks drain resources and increase operational costs. Modern challenges call for modern solutions. Automation […]
Deepfakes have rapidly evolved into a significant threat for business and individuals, especially when it comes to protecting the integrity of workforce security. Originally seen as a tool for spreading misinformation in the public sphere, deepfakes are now being leveraged within enterprises, creating new vulnerabilities for CISOs to manage. Gartner research highlights that while presentation […]
Employee onboarding is a critical stage in the employee lifecycle. However, many organizations still rely on outdated, manual methods for verifying and managing employee identities. Processes like manual document verification during recruitment or onboarding not only create inefficiencies but also expose organizations to significant risks, including identity fraud, overlooked security vulnerabilities and loss of employee […]
Deepfakes are not a new phenomenon, but their increasing use in sophisticated fraud schemes has prompted the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) to issue a critical alert. This development underscores a troubling rise in incidents where generative AI-powered deepfakes are being weaponized against financial institutions and their customers. The alert […]
We’re excited to announce that Incode has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Identity Verification—the first-ever edition of this highly anticipated report. Incode was recognized as a Leader among more than 11 evaluated vendors in the IDV space. This recognition sets a new benchmark for what businesses should expect from providers […]
Don’t get caught in noncompliance: Understand the new AML/CFT requirements for investment advisers Diversification is the rule of thumb when it comes to making sound investments. Now FinCEN, the U.S. financial crimes watchdog, is following that same advice when it comes to mandating anti-money laundering (AML) protections under the Bank Secrecy Act (BSA). Making good […]
In recent years, facial recognition technology (FRT) has become an important tool for many online businesses seeking a relatively low-friction means of verifying or reverifying a person’s age or identity. All a user needs to do is upload a selfie, and in seconds the technology does the rest — analyzing the image and comparing it […]
Some products or activities are legally age-restricted. But with the Internet being such an open environment, can asking whether a user is over a certain age truly be enough to verify that they may access a website? Implementing an age verification system is the best way for businesses to ensure they do not sell goods […]
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