Throughout 2024, over 60 countries—representing nearly half of the global population— will hold national elections. This pivotal year not only marks a significant electoral moment, but also highlights the growing influence of AI in shaping political narratives. AI-generated content, particularly deepfakes, has become a powerful tool, capable of blurring the lines between satire, parody, and
Fraud EC Type: Fraud News
What are the most common frauds in small and medium-sized businesses, and their impact?
According to a recent Nationwide survey, small-medium-sized (SMB) business owners in the US are becoming increasingly concerned about the potential for cyberattacks to disrupt their operations. Identity fraud is a pervasive issue that impacts individuals and businesses of all sizes. Small and medium-sized businesses face unique challenges that make them particularly vulnerable to small business fraud.
Veriff launches FaceBlock tool for Self-Serve product
Veriff, a global identity verification and authentication platform, has released a new feature for its Self-Serve product, used by startups and SMBs. FaceBlock provides an additional layer of security to catch suspected repeat fraudsters who attempt to bypass security measures. FaceBlock as a fraud prevention tool Smaller businesses often struggle with limited resources to combat
Veriff named a category leader in the Chartis RiskTech Quadrant for Enterprise Fraud Solutions
Veriff, a leading identity verification and authentication platform, is proud to be named a Category Leader by Chartis in its RiskTech Quadrant for Enterprise Fraud Solutions, and Best in Class Capabilities: Application Fraud and Identity Risk, in RiskTech Quadrant for Enterprise Fraud Solutions for 2024. According to Chartis, IDV and other identity-related risk management tools
The impact of AI and deepfakes on US political campaigns: Entering a new era
Throughout American history, instances of election fraud have been well-documented by historians and journalists. One of the most infamous examples is Tammany Hall, a political organization in 19th-century New York City, led by figures like Boss Tweed. From the intimidation of voters to the misuse of proxy voting, vote buying, misleading ballot papers, ballot stuffing, vote
Key takeaways from the Veriff Fraud Index 2024: Part 2
This blog contains the key findings of our new survey of consumers in the US and the UK, the latest of our bi-annual rolling reports. We interviewed 1,001 consumers aged 16+ across the two nations in August 2024, breaking our results down by geography, gender and age demographics. The aim is to truly understand the end
Why fighting fraud is a family business
Arj, could you tell us a bit about yourself and how you ended up at Veriff? Arj: Yeah, sure! I’m Arjun, but everyone calls me Arj. I joined Veriff in 2021, starting out on the Rev Ops team. My journey here began when I was looking for a new role and heard about an exciting opportunity
Veriff Fraud Industry Pulse Survey – Key Findings
Fraud is hitting businesses hard in 2024. That’s the main takeaway from the Veriff Fraud Industry Pulse Survey 2024, in which we surveyed hundreds of senior decision-makers and fraud leaders from businesses across the US in the year to April 2024 to find out how fraud is impacting their businesses. Covering key sectors in the rapidly
FinCEN alert: Counterfeit U.S. passport cards in identity theft and fraud schemes
In the dynamic landscape of the global digital economy, the security frameworks of financial institutions are relentlessly challenged by advanced fraudulent activities. According to the data from the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), between 2018 and 2023, fraud involving U.S. passport cards led to actual losses of $10 million and attempted
Fraud projections for 2024
As our 2024 Fraud Report demonstrates, fraudsters are highly adaptable, seeking to exploit the latest technology to support their criminal behavior. We can expect this to continue in 2024, with a particular focus on generative AI. Here are some more projections for 2024: 1. AI is no passing trend The threat of AI is only going to