Identification/Background checks

A huge challenge for companies and consumers alike during the pandemic was the inability for business matters to be conducted in-person. As countries globally entered lockdowns, the possibility for wet signatures – a signature commonly done with pen and paper – become almost impossible.

US President Joe Biden has said that the US will unite 30 countries to crack down on the threat posed by ransomware gangs worldwide.

The UK will invest £5bn into the creation of a Cyber Force unit that will strike back on cyberattacks with retaliatory hacks.

Digital biometrics platform FACEKI has collected pre-seed funding from technology-focused venture capital firm Nama Ventures.

McAfee Enterprise and FireEye Products are set to merge into a single company that will have a revenue of almost $2bn.

KPMG UK has released a new customer due diligence (CDD) solution that it hopes can reduce the total costs of KYC compliance of up to 40%.

The US Cybersecurity and Infrastructure Security Agency (CISA) has released a tool that will allow organisations to assess vulnerability to insider threats and create defence plans.

Digital identity command centre Alloy has secured $100m in its Series C funding round, bringing its valuation to $1.35bn.

Identity risk solutions business SecZetta has secured $20m from a Series B funding round led by SYN Ventures and MassMutual Ventures.

A recent webinar by Alessa has examined what constitutes a politically exposed person (PEP) and why relationships with certain PEPs may offer increased financial crime threats.