How Identity Verification Solves Health Insurance Fraud Challenges

Health insurance fraud is one of the most complex problems in modern healthcare. It sneaks into billing systems, siphons financial resources, and creates mistrust among patients, providers, and insurers. It’s easy to frame health insurance fraud as a problem of catching “bad actors,” but the reality is more nuanced. This article explores five common fraud […]
AML Checks & Compliance: Key Challenges and Solutions

With the mass adoption of financial apps, money can cross borders at a tap. While this has granted unprecedented convenience to consumers and businesses alike, it presents new risks for financial institutions, which must contend with fraud across international jurisdictions.
What is reverification and why is it important for fraud prevention?

Imagine logging into your online banking app only to find a long trail of unauthorized transactions that have drained your checking account. Or consider a healthcare provider inadvertently releasing sensitive medical records to the wrong person. With how much information is digitized today, these scenarios are increasingly likely, underscoring the importance of verifying identities online. […]
Lumin Digital Introduces Enhanced Identity Security Protection Solution from ID Dataweb

San Ramon, Calif. — October 15, 2024 — Leading cloud-native digital banking provider Lumin Digital (Lumin) today announced its partnership with ID Dataweb, a leader in cross-channel identity verification. The partnership will enable Lumin’s customers to integrate ID Dataweb’s enhanced identity security and protection solutions into their digital banking platforms provided by Lumin. An identity security platform […]
Identity Verification: Building Zero-Trust Solutions to Defend Critical Systems

July 15th, 2024 By Mouhamad Mbacke There once was a time when a username and password were the gold standard for online identity security. But as identity-related threats have become more sophisticated, so have identity verification methods. Be it knowledge-based authentication, multi-factor authentication, or biometric authentication, many new identification standards have been adopted to stay […]
How to Detect and Prevent Account Takeover (ATO)

July 10th, 2024 By Matt Cochran and Dave Cox In an Account Takeover (ATO), Cybercriminals exploit stolen login credentials to take over online accounts. Account takeovers can either target people within an organization, allowing hackers to steal sensitive information, or they can target customer accounts, enabling fraudulent transactions. Given that ATO attacks have increased by […]