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As we stated back in a Veriff blog in August, deepfakes are one of the biggest fraud trends out there at the moment. Worryingly, this questionable practice isn’t just being used for facial recognition fraud but is seeping into many other facets of life as well. So, what really is a deepfake? The term refers to
There is plenty of mystery surrounding cryptocurrency for many people, but once you have the main questions answered the picture becomes a lot clearer. Veriff can help here. We are experts in the financial services space. We generally want to find parallels with the money we’ve been using everyday our whole lives. To do this, we have to understand that there
Cryptocurrency is now bigger than ever, and there is such a bewildering array of crypto wallets, exchanges and other products and services, that it can be quite daunting to the newcomer. So, let’s make things a bit clearer. Let’s define some of the terms. What do we mean by wallet and exchange? (By the way,
Facial recognition has been around for many years now and many of us use this futuristic technology simply by looking at our phone. In its essence, facial recognition is a biometric technology that recognises and collates distinctive facial features in order to verify someone’s identity – such as the systems used here at Veriff. It’s
Far from the shady suspicious image of the past, Bitcoin and its digital peers are hitting the bigtime with an ever-growing list of household names integrating crypto into their payment solutions. Giving these companies a competitive edge, cryptocurrencies not only widen appeal, but they bolster an innovative and forward-thinking image. Adopting the use of crypto
As cryptocurrency rapidly gains credibility and trust, many are turning their attention to what is currently on offer in the marketplace. We’ve chosen the following currencies for their prominence in the cryptocurrency space, their investment potential, or the fact they have unique features and mechanisms. There are hundreds of ICO (cryptocurrencies) out there, but based
Trust exists across a variety of domains and industries. This trust can be observed on a spectrum of faith at one end and confidence at the other. All that falls in between the decision to trust and the end-result of that trust relationship, or that which lingers at the edges, is an ongoing process. A process which
The Financial Action Task Force (“FATF”), the global money laundering and terrorist financing watchdog, has completed a 12 month review of the implementation of its revised standards regarding Virtual Assets and Virtual Asset Service Providers (“VASPs”). The FATF has highlighted that further guidance is needed on Virtual Assets and VASPs. The FATF carried out a 12-month
GDPR can be considered as the strongest set of rules for personal data protection. Following various rules and regulations can sometimes be considered quite a task for even the biggest companies. With this responsibility to be compliant, companies should always remind themselves that even though the devil is in the detail, company values and the
What is responsible disclosure, why is it crucial to Veriff, and why should you care – well, that’s what we’re here to tell you. Trust is key In our effort to verify the identities of the world’s honest people, we fight fraud and cyber threats alike. Living in today’s digital society, it’s more important than ever to ensure
