On Identity, Trust and Fraud: In The News

New Research Shows the Increase in EMV Card Chip Technology Adoption has Drastically Increased Online Fraud

Posted by PYMNTS on Mar 31, 2016 8:30:00 AM

PYMNTS.com Digital Identity TrackerTM, powered by Socure, Releases the Latest Industry News in and Around Secure Convenience Through Biometrics and Other Sustainable Alternatives to Passwords

PYMNTS.com via BusinessWire
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Topics: Press Release, ID+

Socure CEO to Address Banking Industry Leaders at BAI Payments Connect Conference on Combatting Fraud

Posted by Socure on Mar 2, 2016 7:00:00 AM

Alternative Data, ‘Digital Exhaust’ Provide Key Insights to Better Fraud Prevention, Digital Identity Verification

NEW YORK, March 2, 2016 — Socure (www.socure.com), the industry leader in digital identity verification, today announced that Sunil Madhu, its chief executive officer, will speak to banking industry leaders about ways to reduce payment fraud, at next week’s BAI Payments Connect conference, being held in San Diego.

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Topics: BBVA, ID+, Events

Socure Joins Industry Leaders as a Member of the FIDO Alliance

Posted by Socure on Feb 18, 2016 7:30:00 AM

Brings Expertise in Digital Identity Verification to Help Industry Consortium

NEW YORK, February 18, 2016 — Socure, the leader in digital identity verification, today announced that it has joined the FIDO (Fast IDentity Online) Alliance, a non-profit, industry consortium developing open, scalable and interoperable authentication standards to reduce the reliance on passwords to securely authenticate users of online services, and to reduce the risks of online identity theft and fraud.

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Topics: Press Release, ID+

Using Social Biometrics To Fight Fraud

Posted by PYMNTS on Jan 21, 2016 9:00:00 AM
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Topics: Article

Socure Announces Milestone Release and SOC 2 Compliance

Posted by Socure on Jan 19, 2016 7:30:00 AM

First Digital Identity Verification Solution to Achieve SOC 2 Type 1 Report, New Big Data Version Boosts Fraud Capture by 300%

 New York, January 19, 2016 — Socure, the leader in digital identity verification, today announced the general availability of a groundbreaking new release of its Social Biometrics™ Platform as well as its flagship ID+™ solution for consumer verification. Additionally, Socure has successfully completed the stringent Service Organization Control (SOC) 2 Type I audit and received the subsequent report.

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Topics: Press Release

Socure Verifying Identities in more than 175 Countries with Social Biometrics Platform

Posted by Socure on Oct 27, 2015 10:00:00 AM

Global media touts innovative new technology using trusted online and social media data for authentication, showcased at Money 20/20

PRESS RELEASE

LAS VEGAS, October 27, 2015 — Socure (www.socure.com), the industry leader in real-time online identity verification solutions, today announced that financial institutions and other firms are now using its Social Biometrics Platform™ to authenticate the identity of consumers in more than 175 countries worldwide. The company said its software is being used to promote financial inclusion, bringing millions of un-banked and under-banked consumers into the financial system.

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Topics: Press Release

The Payments World Really Wants To Know Who You Are

Posted by TechCrunch on Oct 11, 2015 7:00:00 AM

ARTICLE

In the early 1960s, Scottish engineer James Goodfellow was given a problem to solve. A colleague had invented a way to insert a card into a machine and get money out. Goodfellow’s task was to figure out a way to ensure that only the card’s legitimate owner could use these new “ATM” machines to obtain cash. So he created the personal identification number, what we call the PIN, the most secure implementation of card access the world had ever seen. Goodfellow was awarded the patent on the PIN and, later, Queen Elizabeth II awarded him the Order of the British Empire.

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Topics: Article

Dominant Theme at Finovate: Authentication Needs Fixing

Posted by American Banker on Sep 17, 2015 5:00:00 PM

If the identity management system is broken, it's not for lack of vendors offering solutions.

ARTICLE

Banks have been on a mission to find the right technology to verify mobile and online customers in a way that is highly secure, yet "frictionless" (quick and painless for the consumer). Many banks have rolled out voice, fingerprint, iris, and facial recognition software during the past year. Time will tell whether any of these prove to be the answer. But solutions are needed more than ever, given the rise of mobile banking and the amount of personally identifiable information that's been stolen or is openly available on the Internet for fraudsters.

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Topics: Perceive, Article

Socure Debuts Next-Generation of Fraud Prevention at Finovate

Posted by Socure on Sep 17, 2015 8:30:00 AM

Patented Real-Time Facial Biometrics Instantly Matches Online and Social Media Profile Data; The End of Passwords?

PRESS RELEASE

NEW YORK - September 17, 2015 — Socure, the industry leader in real-time online identity verification solutions, today introduced Perceive™, its newest innovation, designed to further slash the potential for online financial fraud by using facial recognition to confirm a person’s identity almost instantly. 

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Topics: Press Release

Feedzai Partners with Socure, Offering Joint Fraud Prevention Solution for Financial institutions

Posted by Socure on Sep 10, 2015 8:30:00 AM

 Feedzai Updates Software Platform to Enhance Fraud Risk Management Services

 

San Mateo, CA and New York, NY – September 10, 2015Feedzai, a data science company that uses real-time, machine-based learning to analyze big data and minimize risk in the financial services industry, today announced a partnership with Socure, the industry leader in real-time online identity verification solutions. Working together, the two companies will provide their mutual clients with a “plug-and-play” solution that combines online and social data-based authentication with fraud risk scoring.

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Topics: Press Release

In The News

Articles & Press Releases

Our team is constantly sharing what we've learned from years of security, financial technology, fraud risk mitigation and identity verification.  Here, we have included some stories of interest we wrote, or were quoted or mentioned in. 

You'll also find press releases detailing our recent product launches, new additions to  our fast-growing team, as well as corporate and funding news.  

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