Category: Uncategorized

In the realm of humanitarian aid, the use of biometric data has become a norm, a seemingly efficient and cost-effective way to match aid to beneficiaries. However, behind this seemingly practical approach lies a host of ethical challenges.

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In the realm of humanitarian aid, the use of biometric data has become a norm, a seemingly efficient and cost-effective way to match aid to beneficiaries. However, behind this seemingly practical approach lies a host of ethical challenges.

(more…)

Digital Communities Have Unique Identity Needs

Today, the very notion of ‘community’ has undergone a radical transformation. Communities driven by shared interests, passions, and identities breathe life into diverse online platforms. These spaces provide a haven for these communities to connect and thrive. While these communities offer unprecedented opportunities for connection and collaboration, they also present unique challenges in terms of identity and security.

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Digital Communities Have Unique Identity Needs

Today, the very notion of ‘community’ has undergone a radical transformation. Communities driven by shared interests, passions, and identities breathe life into diverse online platforms. These spaces provide a haven for these communities to connect and thrive. While these communities offer unprecedented opportunities for connection and collaboration, they also present unique challenges in terms of identity and security.

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Synthetic identity fraud is one of the fastest-growing financial crime trends in the United States, accounting for over 80% of all new account fraud, costing businesses billions of dollars annually. The trends suggest that synthetic identity fraud will inflict nearly $5 billion in losses by 2024. Synthetic identity fraud uniquely eludes traditional fraud detection models primarily because it blends authentic and fabricated information, creating a seemingly “new” identity that doesn’t raise immediate red flags. Unlike conventional fraud, which exploits existing individual identities, synthetic fraud crafts entirely new personas, making it challenging for traditional systems to pinpoint discrepancies or trace suspicious activities to known fraud indicators.

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Synthetic identity fraud is one of the fastest-growing financial crime trends in the United States, accounting for over 80% of all new account fraud, costing businesses billions of dollars annually. The trends suggest that synthetic identity fraud will inflict nearly $5 billion in losses by 2024. Synthetic identity fraud uniquely eludes traditional fraud detection models primarily because it blends authentic and fabricated information, creating a seemingly “new” identity that doesn’t raise immediate red flags. Unlike conventional fraud, which exploits existing individual identities, synthetic fraud crafts entirely new personas, making it challenging for traditional systems to pinpoint discrepancies or trace suspicious activities to known fraud indicators.

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