How are hackers beating banks’ ID verification software?
At APLYiD our mission is to end identity fraud and digital crime – that’s why we’ve made the best biometric identity verification software on the planet. But as our technology gets more sophisticated, so too do the criminals. 

We need to understand how ID software is being attacked so we can make sure it works for your customers and your business all the time, every time. 

To do that we worked with our partners at We Fight Fraud and set them a unique challenge: break open a bank that uses biometric ID verification. 

The Rapid Response to Fraud and Financial crime is a co-produced research programme that takes an area pertinent to fraud and financial crime and the testing team at We Fight Fraud then performs a unique 72-hour test and reports the results within 30 days. 

This Rapid Response examines the vulnerabilities associated with identity verification. This report details how We Fight Fraud discovered the ways in which criminal elements are circumventing identity verification and fraud detection models to open bank accounts which can then be used for money laundering and terrorist financing.

The Rapid Response to Fraud and Financial crime is a co-produced research programme that takes an area pertinent to fraud and financial crime and the testing team at We Fight Fraud then performs a unique 72-hour test and reports the results within 30 days. 

This Rapid Response examines the vulnerabilities associated with identity verification.

This report details how We Fight Fraud discovered the ways in which criminal elements are circumventing identity verification and fraud detection models to open bank accounts which can then be used for money laundering and terrorist financing.

It’s surprising how quickly the hacker team exposed huge vulnerabilities in bank verification processes – and it didn’t require complex technology to do it.

Tony Sales, We Fight Fraud
The Rapid Response to Fraud and Financial crime is a co-produced research programme that takes an area pertinent to fraud and financial crime and the testing team at We Fight Fraud then performs a unique 72-hour test and reports the results within 30 days. 

This Rapid Response examines the vulnerabilities associated with identity verification. This report details how We Fight Fraud discovered the ways in which criminal elements are circumventing identity verification and fraud detection models to open bank accounts which can then be used for money laundering and terrorist financing.

Some key findings:

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