Mitek in the news

Mitek adds HooYu biometric identity orchestration in £98M acquisition

Mitek has acquired remote customer onboarding platform HooYu in a £98 million (approximately US$129.2 million) deal to upgrade its digital identity orchestration and help businesses link the biometric verification of their customers with real-time checks of bureau and sanctions databases.

ID Verification Firm Mitek Buys UK’s HooYu

What to expect from identity verification in 2022

Protecting these interactions from scammers, whilst balancing the ease of accessibility for genuine customers, is paramount. It’s up to technology companies and banks to implement the right tech to ensure this. Here are the trends they’ll be navigating in 2022.

Mitek announced acquiring HooYu for £98m to combat fraud

Mitek, a global leader in digital identity (ID) verification and fraud prevention, announced the acquisition of the UK’s leading KYC (know your customer) technology pioneer, HooYu.

Mitek acquires HooYu for £98M to combat fraud

Mitek buys UK-based HooYu for £98m

Mitek has announced it has purchased UK-based KYC tech company HooYu in a £98 million deal.

Mitek on AI, women and how to eliminate bias in the industry

Mitek’s Chief Marketing Officer, Cindy White explains how bias in AI can impact women and how education is the key to solving this problem

Amid UK Crackdown On Fraud, Banks Can Prove Their Mettle To Customers

When Your Company Is Ready to Get Serious About Fighting Online Fraud, Here’s What to Consider

Passwords, a birthdate, your mother’s maiden name. These and other simple verification methods are no longer enough to protect anyone against online fraud. Unfortunately, chances are your customers still think that the name of their first pet or their favorite teacher will protect their online accounts.

The prevarications are over: SCA is mandatory. Regulators, merchants are watching closely

Back in summer 2019, the payments and ecommerce industries won a last-minute reprieve from UK regulators over the introduction of Strong Customer Authentication (SCA) — getting an 18-month extension just four weeks from a planned deadline for its introduction.

SCA Rules Come into Force Today for E-commerce Transactions

Strong customer authentication (SCA) rules for e-commerce have come into force in the UK today following delays due to the COVID-19 pandemic.

How can we break the biometric bias for gender equality?

Today’s expectation is that technology solutions are unbiased. Sexist AI algorithms and facial recognition technologies need to be a thing of the past.

AI handily beats humans at biometric spoof attack detection in ID R&D research

As consumer spending increases, convenience and security have never been more important

Spending is on the rise – especially in-store, as retail footfall climbs towards pre-pandemic levels again. Criminals are already strategizing about how they will capitalize upon this. When you consider that contactless card limits have recently increased, it’s clear that fraudsters could be set for a huge haul this year.

As consumer spending increases, convenience and security have never been more important

Spending is on the rise – especially in-store, as retail footfall climbs towards pre-pandemic levels again. Criminals are already strategizing about how they will capitalize upon this. When you consider that contactless card limits have recently increased, it’s clear that fraudsters could be set for a huge haul this year.

How one engineer’s discovery is helping us #BreakTheBias

Touchless Airport Technology Offers Gateway to Improved Customer Experience

Imagine arriving at the airport, bypassing the lines to check baggage. Instead, you drop off your bags and move directly through security without stopping to pick up a boarding pass. When you arrive at your gate, you are already pre-cleared to board – all because you have enrolled in an online program that documents your passport information, as well as a selfie you take at the time of enrollment.

Metaverse App Allows Kids Into Virtual Strip Clubs, Experts Advice

Following the news that a researcher posing as a 13-year-old was able to access adult content on the Metaverse, it’s clear that metaverse creators will need much more effective age verification to protect children from harm, and thus create trust in their platforms.

Children Can Access Sexual Material on the Metaverse

Using the metaverse app VRChat, a researcher was able to visit virtual strip clubs where avatars simulated sex. She was also shown sex toys and condoms and was approached by numerous adult men.

The Security Challenge of the Century: Security in the Metaverse

Kate O'Flaherty considers the security challenges in the metaverse and investigates how they can be resolved

Children Can Access Sexual Material on the Metaverse

Making use of the metaverse app VRChat, a researcher was capable to stop by virtual strip clubs wherever avatars simulated intercourse. She was also proven sexual intercourse toys and condoms and was approached by several grownup men.

Can Humans Identify Spoofed Faces?

Can Humans Identify Spoofed Faces?

We work remotely, do most of our shopping online, and even handle banking from a mobile application. As we do more remotely, we need fast, secure methods of logging into our accounts.

Technology and AI Magazines relaunch the LinkedIn Live show