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Identity verification provider Jumio found in its Global Trust and Safety Survey that one in five U.S. The sharing economy — a market projected to be valued at more than $300 billion by 2025 — can adopt a number of different digital identity verification tools to help build that trust, however. . Seamless, Secure Onboarding .
PYMNTS’ September Digital Identity Tracker® done in collaboration with Jumio delves into the latest in digital identity verification, especially as it pertains to the recovering sharing economy. When you create a new online account, we are capturing an image of the government-issued ID and a 3D face map.
Cybercriminals have a new favorite weapon in their quest to allude regulators, law enforcement and corporate security departments: accounttakeovers. Recent research reveals accounttakeovers have risen by 300 percent over the past year, with losses topping $5 billion. The Rise Of AccountTakeovers.
The Martins attribute this to the app’s userauthentication protocol, which requires users’ device IDs to be connected to the phone numbers registered to the app. This verification method proven to be a robust defense against accounttakeovers, while also providing seamless experiences for customers.
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