How could identity verification function in social media?

Social media plays a crucial part in our lives. According to data from the beginning of 2021, over 4 billion people in the world actively use social media (with a global population of 7.8 billion people). Social networks allow us to contact our loved ones, exchange information instantly, and bring together groups of people with

Proof of address document as a part of identity verification process

When creating an account to verify your identity you are usually required to submit an identity document. Based on that, and additional information provided, your identity is verified. However, sometimes additional documentation is needed, and that is the proof of address. It is usually required when opening a bank account or another money transfer related

The impact of covid-19 on cybercrime

The year 2020 undeniably stands out from other recent years. It was hugely affected by the coronavirus pandemic that turned the whole world upside down, affecting also the cyberspace. The need to limit direct contact, remote work and learning have led to the transfer of a large part of our everyday life into the virtual

How can video identity verification process improve immigration-related procedures?

It is certainly a part of common knowledge around the world that even the simplest immigration-related processes can be lengthy, time consuming and incredibly frustrating.  The reasons for it vary, but it all comes down to the fact that over the years, travelling and migrating to different countries became a common occurrence and not something

How will Virtual Reality affect our future?

Despite the changes that have taken place in society during the ongoing pandemic, it cannot be denied that in many technological matters, changes that would take several years have taken several months. Remote work and learning, meetings with friends via video, virtual tours around museums, webinars, or remote handling of affairs in offices and banks

Identity theft examples in real life

We don’t think much about our identity. It is something that we take as a given. We start to think about it more only when it is threatened. Then we start to wonder what our identity is and how easy it is to steal someone’s life. So what is identity theft? It occurs when someone

How AML and KYC can save the cryptocurrency industry?

Cryptocurrencies are digital money and they are traded almost entirely online. They do not have any physical denominations and they can be transferred without any intermediaries. The emotions connected with cryptocurrencies, however, are absolutely real. They excite the minds of investors, they have as many supporters as opponents, and the number of types of funds

AML in Gambling industry – high stake game of KYC compliance

Since the dawn of mankind gambling has been linked to our history. It dates even before written history. And so whenever groups of our ancestors met there was a high probability that they gambled.  Ancient Greeks played dice, in China they played cards and poker dates back to the 17th century and so did the

Identity verification in 2021 – what to expect?

It’s been a year since the first lockdown was implemented. The pandemic is not over yet and getting almost everything done over the internet has become a standard to us. The process wasn’t easy, tons of emails, hours spent on helplines or on search for answers to our difficult questions. Confusion and unawareness has accompanied

Future of algorithm

Artificial intelligence is with us everywhere today and it is hard to imagine life without it. It is used in everyday items, such as telephones, vacuum cleaners, or watches, it works in internet search engines, is responsible for personalizing advertisements or helping in shops and hotlines. It can contribute to increasing cybersecurity and reducing disinformation,