December 21, 2022
As 2022 comes to an end, it’s time for a little reflection. In this piece, we will rank and revisit some of our most popular articles of the year.
Overall, 2022 was another seismic year for biometrics and digital identity verification. Proliferation of cyber attacks, deepfakes making headlines, and a significant acceleration of identity verification programs across the globe.
The iProov blog provided insight into all of that. So, what were people most interested in reading across the year? Starting in reverse order with #10, let’s find out:
#10: Synthetic Identity Fraud: What Is It and How Can You Prevent It?
Synthetic identity fraud was a hot topic in the biometric space this year. It’s a sophisticated and dangerous type of fraud and is only set to become more of a concern as the technology used to create synthetic identities advances – which can also lower the barrier to entry for synthetic fraud.
There will be an estimated $2.42 billion in fraudulent funds being obtained in the U.S. alone next year. At iProov, we predict that synthetic identity fraud will break records in 2023.
Luckily, the right biometric solution can help to defend against synthetic identity fraud. So, read up on what it is and how you can prevent it as a matter of urgency.
#9: 10 Reasons to Become an iProov Partner
2022 was the year iProov launched its reimagined global partner program, which comes with a whole host of benefits and resources – aiming to help iProov partners to drive more business.
But why pick iProov as a partner in the first place? Ultimately, not all liveness technology is equal, and not all liveness vendors are the same.
We listed the top 10 reasons you should pick iProov as your partner in an easy-to-read article.
Alternatively, you can apply to become an iProov partner here.
#8: The New EU Digital ID Wallet: How Will Face Biometrics Provide Trust and Security?
The EU Digital Identity Wallet was a huge focus for iProov in 2022, culminating in iProov being chosen to launch the Pan-European payment pilot as part of the NOBID Consortium.
Earlier in 2022, when the pilots were still being developed, we wrote this article to explain why the most successful proposals would need to choose the right biometric solution for secure onboarding and authentication.
Read this article to better understand how biometric technology is critical to digital wallet rollout. In the meantime, we are looking forward to proceeding with the pilot and proving how biometric-enabled Verifiable Credentials can address the emerging challenges of the increasingly complex world of payments.
#7: One-Time Passcode (OTP) Authentication: What Are the Risks?
As more and more people recognized the limitations and risk of passwords throughout 2022, organizations turned to One-Time Passcodes (OTPs). But as you’ll discover in this article, OTPs simply aren’t as secure as they seem – hackers are able to compromise the process.
There’s also a must-read story in here about one particular criminal who used OTP vulnerabilities to defraud over 700 accounts!
#6: iProov, Eurostar, Entrust, and Innovate UK host demonstration of the Eurostar SmartCheck trial
Contactless travel will need to become a widespread reality if we are to avoid travel chaos. The ‘border of the future’ will need to become the ‘border of today’ in 2023.
iProov is a pioneer of contactless travel journeys, as highlighted by our SmartCheck Trial throughout 2022. SmartCheck allows travelers to complete secure ticket verification at home and then breeze through St Pancras using only their face.
To share the results of the trial, we hosted an industry event with Eurostar, InnovateUK, and Entrust – providing attendees with a demonstration of how the solution works. Spoiler: it went down well!
#5: Biometrics for Cryptocurrency Exchanges: Identity Verification Made Simple
2022 has been a volatile year for cryptocurrency, with Bitcoin’s price ranging from a high of $47,498 to a low of $15,787. There were a number of shocking stories along the way – most notably the collapse of leading cryptocurrency exchange FTX, and the subsequent deepfakes and scams that emerged from the aftermath.
Throughout 2022, many cryptocurrency exchanges recognized the risks of operating with weak KYC and AML processes in place, and the importance of assuring customer trust. For many, procuring biometric technology was the solution.
This article explains how iProov technology can help cryptocurrency organizations by verifying the asserted identity as part of an onboarding and authentication process that’s secure, inclusive, and effortless
#4: 70 Biometric Statistics
This blog features a whopping 70 statistics on all things biometrics, ranging from the biometric market size and market demand, to deepfakes and digital identity – and much more.
This is your go-to resource anytime you need a biometric statistic – no surprise this blog had one of the highest return-visitor rates out of all our 2022 pieces.
A few choice takeaways:
- 75% of 18-24-year-olds have used someone else’s password, and 10% have done so without permission.
- Two-thirds of people have used biometrics and view them as easier and faster to use than traditional passwords.
- Unique digital wallet users will exceed 4.4 billion globally in 2025, up from 2.6 billion in 2020.
Click the link for the full list of 70.
#3: How To Protect Against Deepfakes – Statistics and Solutions
Deepfakes have stolen headline after headline this year. Elon Musk. Sam Bankman-Freid – pranks, scams, and serious crimes.
We’ve conducted a lot a of original research here at iProov around online security and attitudes towards biometrics and the technology surrounding it. This article centralises some of our most important research on deepfakes.
If you’re curious about the answer to any of the following questions:
- How many people know what a deepfake is?
- How many people think they could spot a deepfake?
- What scares people about deepfakes?
- What scares people about deepfakes?
- Are people more likely to use services that defend against deepfakes?
- How can biometrics protect against deepfake crime?
Then click the link above!
#2: What Are the Advantages of Face Biometrics?
There are so many unique benefits to choosing face biometric technology from iProov that we had to get them all written down in one public resource. This article centralizes and expands upon all of the benefits of our unique technology, with a table of contents so you can easily jump to the areas most important to you.
These advantages include user experience, security, success rates, inclusivity, and more.
Give a read to see what you might be missing out on.
#1: What Is KYC and Why Is It Important? How Is It Part of AML?
Taking the number one spot is our article on KYC and AML. KYC and AML are complex topics and it’s often easy to trip over the terms. We wrote this article to demystify the two and clarify how they relate to one another.
We also explain how biometric technology can be critical for facilitating AML/KYC compliance.
If you need to brush up on your KYC/AML knowledge or wonder how biometric technology can aid your KYC/AML compliance, then this one is for you.
We like to think that this one does a great job of making something complex, simple. Give it a read and let us know what you think.
And there we have our 10 most popular articles of the year. We’re looking forward to even more exciting developments in digital identity and online user authentication in 2023. Read our predictions for 2023 here – we’re certainly not expecting a quiet year.
And if you’d like to be part of our journey, please check out our open vacancies – we’d love to hear from you.
