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
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
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
In the era where financial operations are increasingly intertwined with cutting-edge technology, the infusion of Artificial Intelligence (AI) into the financial sector signifies a monumental shift. This evolution holds particularly significant implications in the realm of tax compliance, where AI’s potential to bolster defenses against tax scams is both revolutionary and imperative. Last month, as the 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
Veriff’s RiskScore delivers an actionable numerical value on a scale of 0 to 100 representing the overall risk associated with an IDV session. During the IDV process, Veriff analyzes the user’s document, face biometrics, device, and network along with previous fraud patterns to deliver industry-leading fraud assessment and protection. Derived from various signals generated throughout
It is becoming increasingly difficult to tell who is or is not a bad actor. Suspicious characters can no longer be identified as those strictly sending out emails with false links and bad intentions. They are individuals who can, very skillfully, mask their true identity with someone else’s. Hackers are increasingly employing deepfakes, or lifelike
As travel continues to rebound in a post-pandemic normal, mobility companies are navigating new protocols and evolving technologies to keep their users safe. We often speak of safety in terms of social distancing and potential collisions, but what about safety through the lens of identity theft and fraudulent rentals of electric scooters and bikes? The
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