Mitek in the news

March 17, 2023

Verdict

GPT-4 risks accelerating cybercrime, expert warns

GPT-4 is a huge step forward in the generative artificial intelligence race, but experts say it has dangerous potential.

March 16, 2023

Security Informed

ID R&D Inc.’s Founder Comments On The Launch Of The GPT-4 And New Wave Of AI Cyber Threats

Alexey Khitrov, Founder & President, ID R&D, said “The launch of GPT-4 by OpenAI onto the market heralds a new pace for the advancement of generative software.

March 15, 2023

TIME

Everything You Need to Know About ChatGPT-4

It’s been a mere four months since artificial intelligence company OpenAI unleashed ChatGPT and — not to overstate its importance — changed the world forever.

February 27, 2023

The Stack

Blair: Digital ID could help UK move to “proactive” service delivery

The seemingly unlikely pairing of Tony Blair and William Hague back a new report that calls for the introduction of digital ID cards as well as broad technology-enabled changes to education, healthcare and much else that relates to the state.

February 27, 2023

MIrror

EXCLUSIVE: Travel expert says Brits will soon no longer need paper passports at airports

Ricardo Dos Santos has revealed he has four outstanding complaints against the Metropolitan Police after being stopped and searched in an incident that took place in the early hours of the morning last summer

February 23, 2023

Fintech Finance News

Fintech Experts Discuss The Idea of A UK Digital ID

Former British Prime Minister Tony Blair and Lord Hague have called for the UK Government to roll out a “digital ID” which would encompass details such as a passport, driving license, tax details and more. As reported in The Times, the one time despatch box rivals have published a report outlining several areas where innovation and digitalisation in the UK can be promoted, such as digital technology and renewable energy.

February 22, 2023

Business Wire

ID R&D Advances Biometric Security to Address Growing Threat of Deepfake Fraud

NEW YORK--(BUSINESS WIRE)--ID R&D today introduced IDLive® Face Plus to address the growing security threat posed to institutions and consumers by deepfakes and digital injection attacks.

February 22, 2023

The Times

Give digital IDs to all, urge Tony Blair and William Hague

Everyone in Britain should be given a digital ID incorporating their passport, driving licence, tax records, qualifications and right to work as the cornerstone of a “technology revolution”, Sir Tony Blair and Lord Hague of Richmond say today.

February 14, 2023

Payments Next

Banking Went Mobile and Isn’t Going Back – Here’s What You Need to Know

In our post-pandemic world, most people now interact with their banks online and aren’t interested in returning to their old in-person, branch-based banking habits. This was one of the key findings from a recent report my company conducted on mobile banking with Cornerstone Advisors, based on a survey of more than 1,000 US consumers.

February 10, 2023

Juniper Research

Chatbots to facilitate $142 billion of retail spend by 2024, driven by omnichannel strategies

A new report from Juniper Research found that consumer retail spend over chatbots will reach $142 billion by 2024; rising from $2.8 billion in 2019. This represents average annual growth of 400% over the next four years.

February 2, 2023

ID R&D

ID R&D awarded patent for continuous biometric authentication in chatbots and virtual assistants

The unique approach captures multiple biometrics in the background during chatbot communications to enhance security without complicating the user experience.

February 2, 2023

Business Wire

ID R&D Awarded Patent for Continuous Biometric Authentication in Chatbots and Virtual Assistants

NEW YORK--(BUSINESS WIRE)--ID R&D has broken new ground in enabling frictionless biometric security, with a patent awarded for a novel approach to securing virtual assistant and chatbot sessions on a mobile device.

February 2, 2023

Finance Digest

How can banks overcome the tech trust gap?

People are depending on their banks more than ever in this tough economic time. Rising levels of fraud and scams along with the uncertainty of new identity and verification (IDV) technology is increasing suspicion amongst consumers.

January 25, 2023

Forbes

It's Time To Look Harder At The Morality Of AI

Lately, the crescendo of calls for more scrutiny into the algorithms that—whether we know it or not—shape our daily lives has drawn me back to the AI Bill of Rights draft developed by the U.S. Office of Science and Technology and released in 2022.

January 10, 2023

Info Risk Today

Check Fraud, First-Party Fraud to Rise in 2023

Check fraud, first-party fraud and AI-related fraud will increase on a massive scale in 2023, thanks in large part to growing insider threats and the global economic slowdown. Frank McKenna, chief fraud strategist at Point Predictive, explains how banks can prepare to tackle these types of scams.

January 3, 2023

Biometric Update

Consumers are placing their trust in mobile deposits. Here’s how banks can keep it.

In our post-pandemic world, it’s evident most people have become used to interacting with their banks online and aren’t interested in returning to their old in-person, branch-based banking habits.

January 3, 2023

Biometric Update

Consumers are placing their trust in mobile deposits. Here’s how banks can keep it.

In our post-pandemic world, it’s evident most people have become used to interacting with their banks online and aren’t interested in returning to their old in-person, branch-based banking habits. This was one of the key findings from a recent report Mitek conducted with Cornerstone Advisors, based on a survey of more than 1,000 U.S. consumers.

December 13, 2022

Forb

Three Trends For Protecting Customers From Identity Fraud In 2023

It’s that time again, when predictions for cybersecurity trends in the coming year begin to appear. Reading through them is enough to scare a person offline. Satellites will be hacked. Cryptocurrencies and blockchains will collapse. Fraud networks will become bigger, better and badder than ever.

December 2, 2022

She Can Code

How to break down bias for women in our tech future

Although there is clearly still a lot of room for improvement for women and their role in STEM innovation, my optimism has not ceased in the slightest.

December 2, 2022

DataCentre Solutions

How can we eliminate gender bias in our tech future?

One of the goals of the UN's 2030 Agenda for Sustainable Development, which places a strong emphasis on STEM education and training, is to encourage careers in these fields for both men and women. However, we still have a lot of room for improvement for women and their role in STEM innovation. According to UNESCO, only 35% of students enrolled in STEM-related degrees are women and only 3% of them choose to major in IT.

December 1, 2022

Help Net Security

Infosec products of the month: November 2022

Mitek launches Mitek MiPass – a passwordless identity authentication solution that allows a person to access digital accounts securely using two features that are uniquely theirs: voice and face. MiPass enables users to access digital accounts by taking a selfie and speaking a phrase with their phone.

November 23, 2022

CFO

Financial Industry is Third-Most Targeted By Hackers

As cybersecurity concerns grow throughout corporate finance, hackers continue to target financial institutions with some success. According to a research report conducted by Proxy, modern data breaches targeting large-scale financial institutions that have underdeveloped cybersecurity protocols remain consistent.

November 14, 2022

Feel that tremor in the identity protection forcefield? That’s MiPass

I’ve worked in the identity and fraud space for more than 20 years. Yet I recently was a victim of a SIM-swap scheme in which my identity was stolen and was used to compromise my bank account. Within 45 minutes, fraudsters had begun funneling my hard-earned money out of my account.

November 14, 2022

Solutions Review

Multimodal Biometrics: The New Frontier Against Fraud

Identity fraud losses in 2020 totaled $56 billion – that’s billions with a B – according to Javelin Strategy & Research, an astounding number that includes $49 billion in identity fraud scams, a category that Javelin measured for the first time in its 2021 Identity Fraud Study.