by instnt | Jul 5, 2022 | Blog
Identity theft is on the rise, and recent statistics show that many of these cases involve financial institutions. Fraud perpetrated by identity thieves is costly to organizations, consumers and regulatory agencies. A pattern of fraud, and a failure to guard against...
by instnt | Jun 28, 2022 | Blog
Knowledge-based authentication is the mainstay backup for banking and business passwords. Its security is closely linked to the uniqueness of knowledge-based authentication (KBA) answers. The more secret your answers, the more secure your account should be....
by instnt | Jun 15, 2022 | Blog
We are all familiar with traditional paper-based national identification mechanisms like driver’s licenses, passports and social security numbers that have, admittedly, modernized. But as we increasingly move from face-to-face transactions to online technologies,...
by instnt | Jun 7, 2022 | Blog
When the internet was first built, it seemed that no one really thought about the need to establish a robust system of digital identity. There was no standard mechanisms defined for digital identity verification, so people built their own. Most people had physical...
by instnt | May 31, 2022 | Blog
False rejections can generate real frustration during customer onboarding. Your false rejection rate is effectively the percentage of instances in which potential or existing customers are incorrectly rejected. According to Thomson Reuters, 89% of clients go through...
