Prove Blog

Companies must deliver an outstanding customer experience that results in satisfied users but it must simultaneously mitigate their exposure to risk by minimizing the potential for fraud.

In 2022, 1.1 million incidents of identity theft were reported through the Federal Trade Commission, resulting in $8.8 billion lost to fraud. Not only does this cost individuals and businesses money, but it also decreases trust between people and the companies they interact with.

You can fortify them against attacks by making them stronger and more nimble, but just like with your physical well-being, there’s no magic pill. It will require some work but with a sensible plan, the right support, and a goal-driven mindset, you can most certainly make your organization fraud fit in 2024.

Unlike traditional methods where personal information may be part of the authentication process, the passkey remains distinctly focused on validating possession of a cryptographic key or biometric data, and not on an actual device.

Tim Brown, Prove’s Global Identity Officer, was recently featured in InsideBIGDATA’s rundown of 2024 predictions for the big data market.

So for starters, let’s be clear – there’s a lot of fraud anticipated in 2024. Some of it will be performed in creative and complex ways.

A successful adoption of passkeys requires considering the larger product to ensure a smooth user experience as well as a secure design.

This article focuses on some technical aspects of implementing a passkey authentication mechanism.

In a recent article on Mobile Time, a respected Brazilian publication, Prove was featured in a comprehensive article, highlighting the company's strategic approach and impact on Brazil's evolving digital identity landscape.

Mary Ann Miller provides an easy-to-use blueprint for those wishing to prevent fraud in the new year on VMblog.

Money mules are people who, at someone else’s direction, receive and move money obtained from victims of fraud. Some money mules know that they have been recruited to assist in criminal activity.

Versatile Credit, a premier software provider connecting merchants, lenders, and consumers for point-of-sale loans, recently unveiled a new integration with Prove to enhance Versatile’s fraud screening process while also delivering a more streamlined customer onboarding experience.