• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Jumio Warns About Bias and Credential Stuffing in 2021 Identity Predictions

January 4, 2021

Jumio has released a series of predictions for the identity verification industry in 2021. The company noted that fraud rates were up 60 percent during the COVID-19 pandemic, and expects that trend to continue into the next year since people are still doing much of their shopping online.

Jumio Warns About Bias and Credential Stuffing in 2021 Identity Predictions

With that in mind, Jumio believes that businesses and government agencies will increasingly turn to document-based forms of identity verification, such as those that compare a selfie to the image on a photo ID. Biometric authentication will also help guard against credential stuffing, which is expected to be the biggest cybersecurity threat in 2021 after 36 billion records were exposed in breaches in 2020. As it stands, 71 percent of accounts are still secured with a password that is used elsewhere, which only creates more urgency for organizations that are looking to protect their business and their customers.

Jumio’s other major prediction concerns the performance of biometric algorithms, especially when it comes to issues of race, age, and gender bias. According to an MIT analysis of datasets used to train facial recognition tech, 77 percent of the images in those databases were male, while a full 83 percent were white. Customers that want to provide better service (and avoid legal exposure) will request solutions that mitigate that bias, which will in turn force providers to take deliberate steps to address the imbalance and meet that demand.

That shift will be mirrored at the regulatory level. Jumio suggested that state and federal legislators will pass more data protection laws (such as the Improving Digital Identity Act) to prevent companies from sharing personal data without explicit consent. Meanwhile, standards bodies like the NIST will create new performance guidelines that take bias and other issues into account.

Jumio went on to predict that the conversation around online voting will start to intensify ahead of the US election in 2024, and that age verification will become a bigger priority for businesses that will be asked to be more accountable for the people on their platforms. Most notably, businesses that offer age-restricted goods and content will need to move beyond self-reporting to make sure that customers accessing that material are legally old enough to do so.

Finally, Jumio closed with a warning about future developments in cybercrime. While AI is a powerful tool in the fight against fraud, it can just as easily be used for malicious purposes, as in the case of automated and deepfake attacks. Companies will need to work to stay ahead of the curve and deliver solutions that can handle increasingly sophisticated forms of fraud.   

–

January 4, 2020 – by Eric Weiss

Related News

  • Latest Update Lets BehavioSec Generate Behavioral Profiles FasterLatest Update Lets BehavioSec Generate Behavioral Profiles Faster
  • BioCatch Explains How to Spot Fraudsters Before they Commit a CrimeBioCatch Explains How to Spot Fraudsters Before they Commit a Crime
  • Durham Study Slightly Reduces Racial Bias of Biometric Face AlgorithmsDurham Study Slightly Reduces Racial Bias of Biometric Face Algorithms
  • AI Industry Must Take Social Factors Into Account When Discussing Bias: NISTAI Industry Must Take Social Factors Into Account When Discussing Bias: NIST
  • Appgate Launches New Behavioral Biometrics SolutionAppgate Launches New Behavioral Biometrics Solution
  • Thales Explains Why Behavioral Biometrics is Like the Hidden Portion of the IcebergThales Explains Why Behavioral Biometrics is Like the Hidden Portion of the Iceberg

Filed Under: News Tagged With: anti-fraud technology, bias, Biometric, biometric algorithms, biometrics, cybersecurity, Jumio, online fraud, predictions, racial bias

Primary Sidebar

EXCLUSIVE MEMBERS ONLY CONTENT:

Become a FindBiometrics Member and gain easy access to specialty content, including the ID Tech column, replays of virtual events, and Identity School educational checklists:

ID TECH: What Role Will Biometrics Play in the Cyber Cold War? We’re About to Find Out [NEW]

Identity School: Facial Recognition Cheat Sheet

REPLAY: Travel & Hospitality Virtual Identity Summit

Sponsored Links

TECH5 showcase logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Onfido logo

Onfido is building the new identity standard for the internet.Our AI-based technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their facial biometrics. That’s how we give companies like Revolut, Zipcar and Bitstamp the assurance they need to onboard customers remotely and securely. Our mission is to create a more open world, where identity is the key to access.. For more information, please visit www.onfido.com

ThreatMark brings trust to the digital world by providing cutting-edge fraud prevention solutions. Major banks use ThreatMark’s AI-powered technology and behavioral biometrics to build secured banking experience to precisely verify their legitimate users, seamlessly across all digital channels. All while securing the users’ most precious assets and keeping the fraudsters away. Learn more: www.threatmark.com/

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • House Committee Makes Case for Biometric Data Protection Bill
  • Independent Review Finds UK’s Biometric Laws Woefully Out of Date
  • Australian Retailer Drops Facial Recognition in Response to Consumer Report
  • Aware Pushes Zero Trust Security at Identity Week 2022
  • Convicted of Insider Trading, FPC Chairman Steps Down

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 FindBiometrics