Deepfakes now account for approximately one in five biometric fraud attempts measured by Entrust. Learn why KYC teams need identity-data checks, compliance screening, and clear review procedures in addition to selfie and liveness checks.
Financial companies need onboarding to be fast, clear, and secure — but removing verification steps is not an option. The solution is making verification work better. Here is how validating contact data at entry, reusing verified information, and routing only high-risk cases to manual review can reduce onboarding friction without weakening security.
Joseph Neal Sanberg was sentenced to 14 years in federal prison for wire fraud in a scheme that caused at least $248 million in losses. The Aspiration Partners case shows why verifying individual fields is not enough. Lenders also need to compare identities, contacts, counterparties, and payment sources across the full transaction before making a funding decision.
A coalition of 51 attorneys general has backed proposed FCC Know Your Customer rules that could require originating voice providers to collect and verify more information from high-volume callers. The rules are not final, but call centers, lead generators, and outsourced dialing operations should start reviewing their business records, documentation, and vendor alignment now.
