Veriff & Nametag-Tines Join Forces: Elevating Biometric Security to Combat Surging ATOs

Published Date: 26/07/2024

Veriff enhances biometric security with advanced fraud checks and liveness detection, while Nametag and Tines partner to integrate identity verification into workflow automation.

"Account Takeover Fraud (ATO) has become a pressing concern, with fraudsters using sophisticated techniques to target individuals and businesses. According to Veriff's fraud industry pulse survey 2024, nearly 78 percent of U.S. decision-makers have observed a rise in AI-driven fraudulent attacks over the past year. In response, Veriff has unveiled a product update, and Nametag and Tines have announced a new partnership, each offering advanced account protection.

Veriff has updated its biometric authentication product, aiming to improve user experience, security, and provide more seamless identity assurance. These updates prevent unauthorized access and account takeovers, among various other use cases. The company's latest update includes advanced fraud checks, liveness detection, and anti-spoofing capabilities to thwart unauthorized access and account takeovers. It also includes image resolution for better face-matching accuracy and improved detail capture in biometric templates.

Meanwhile, Nametag has partnered with Tines, a workflow automation company, to integrate its identity verification technology into Tines' security workflow automation platform. The partnership aims to offer advanced ID verification capabilities to cybersecurity and IT teams globally, preventing malicious actors from impersonating real users and bypassing traditional authentication factors. The technology uses artificial intelligence and cryptography to counteract threats such as AI-generated deepfakes and digital attacks.

  Information 

Veriff is a global leader in online identity verification, providing AI-powered solutions to help businesses prevent fraud and improve customer experiences. Nametag is a cutting-edge identity verification company that uses AI and machine learning to prevent fraudulent activities. Tines is a workflow automation company that helps organizations streamline their security operations.

Veriff is a trusted provider of biometric authentication solutions, dedicated to helping businesses protect their customers and prevent fraud. Nametag is a pioneer in identity verification, committed to providing innovative solutions to tackle fraudulent activities. Tines is a leading workflow automation company, focused on helping organizations improve their security operations."

FAQs:

"Q: What is Account Takeover Fraud (ATO)?

A: Account Takeover Fraud (ATO) is a type of fraud where fraudsters gain unauthorized access to an individual's or business's account, often using stolen credentials or phishing attacks.

Q: How does Veriff's biometric authentication solution work?

A: Veriff's biometric authentication solution uses advanced fraud checks, liveness detection, and anti-spoofing capabilities to prevent unauthorized access and account takeovers.

Q: What is the goal of the Nametag-Tines partnership?

A: The Nametag-Tines partnership aims to integrate identity verification capabilities into workflow automation, enabling cybersecurity and IT teams to prevent malicious actors from impersonating real users and bypassing traditional authentication factors.

Q: How does Nametag's identity verification technology work?

A: Nametag's identity verification technology uses artificial intelligence and machine learning to prevent fraudulent activities, and can be completed using a mobile phone and a government-issued photo ID, without the need for additional app downloads.

Q: What is the significance of the Veriff fraud industry pulse survey 2024?

A: The Veriff fraud industry pulse survey 2024 reveals that nearly 78 percent of U.S. decision-makers have observed a rise in AI-driven fraudulent attacks over the past year, highlighting the need for advanced account protection measures."

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