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IDnow reports 250% increase in fraud attempts since the beginning of the COVID-19 pandemic – detection remains very good

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IDnow Security Report 2020
IDnow Security Report 2020Reading Time: 2 minutes

 

IDnow a leading provider for Identity Verification-as-a-Service solutions, publishes the latest figures on changes in fraud methods within the digital environment in its “Cyber Security Report 2020”. The company sees a strong increase of 250% in fraud attempts. Technology and security systems remain ahead of the new trends.

Since the beginning of the year, IDnow sees a general increase in the demand for digital services and processes. With this development, however, digital fraud methods have also changed and, in addition to new scams, show a dramatic increase over the year.

Between March and June, when many countries ordered a lockdown and processes had to move to the digital environment, IDnow saw new developments in identity fraud: Cases of Similarity Fraud increased by 231 percent during this period, Fake-ID fraud rose by 180 percent and Social Engineering attacks by 75 percent.

The fraud methods themselves also show new tricks that are adapted to the current pandemic situation. IDnow saw new cases, especially in social engineering: fraudsters use, for example, applications for government aid programs or, in the context of increased unemployment, false job advertisements as a lure.

“In the past few months, our security system has seen a sharp increase in fraud attempts and numerous new methods against which we protect our customers. We have invested in a comprehensive concept and early indicator detection to stay one step ahead of the fraudsters,” says Armin Bauer, co-founder and Managing Director Technology at IDnow. “In addition to technical warning systems, we have set up an anti-fraud team here to do research in Darknet, test fake ads ourselves and exchange information with victims to study the exact approach of the fraudsters. In this way we can detect and avoid attempts of attacks at an early stage.”

Despite the new methods and an increase in fraud attempts, I am pleased to report a constant False Acceptance Rate (FAR) compared to last year.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: IDnow reports 250% increase in fraud attempts since the beginning of the COVID-19 pandemic – detection remains very good

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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FBM Foundation boosts digital learning at ISCAG School in Cavite

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The FBM Foundation took a bold action to empower students with essential digital skills at the ISCAG School in Salitran I, Dasmariñas, Cavite, on September 29th. The initiative, organized under the project “Building a Champion by Champion: Shaping Digital Leaders of Tomorrow,” provides vital resources to enhance the students’ digital learning experience for the future.

This solidarity gesture by the FBM Foundation reinforces the project’s intervention in the education field. The ISCAG – Islamic Studies Call and Guidance of the Philippines School Inc. is a non-stock, non-profit organization dedicated to fostering understanding and correcting misconceptions about Islam and Muslims. It serves 230 students from grade school to high school, creating an environment conducive to intellectual and spiritual growth.

Guided by their dedication to driving meaningful change, 10 FBM Foundation committed volunteers actively participated in this initiative. The intervention went beyond distributing 18 computer units, tables, chairs, and air conditioning units by including light repairs and the organization and cleaning of the school’s computer lab. This hands-on approach transformed the learning environment, creating a modernized and welcoming space where students can develop the digital skills necessary to thrive in an increasingly technology-driven world.

“Education is the cornerstone of progress. By providing students with the necessary equipment, we are not only investing in their futures but also in the future of our society. The FBM Foundation is happy to assist these young minds in their growth process, supporting their path to lead with knowledge and compassion”, mentioned Pepe Costa, FBM Foundation’s Representative in the Philippines.

The FBM Foundation has significantly improved the school’s technology, helping to close the digital divide, and ensuring that students from the Islamic community have equal access to educational resources and opportunities. By investing in technology and infrastructure, the FBM Foundation is reinforcing ISCAG School’s mission to enhance understanding of Islam while encouraging social harmony and intercultural dialogue. The support provided by the FBM Foundation ensures that students are better prepared to become the digital leaders of tomorrow, contributing positively to society.

 

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Light & Wonder Unveils New Cross-Platform Mystery Progressive for Loto-Québec

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Innovative system to connect land-based and iGaming jackpot pools

Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries “Light & Wonder,” “L&W” or the “Company”) today announced the launch of a new L&W product feature designed to support cross-platform, wide-area, and local-area mystery progressives. This enhancement offers a white-label solution that seamlessly connects the same progressive meter across both land-based gaming machines and iGaming platforms, creating a unified experience across both gaming channels.

Loto-Québec has launched the first cross-platform mystery jackpot using L&W’s new cross-platform technology. The progressive, named SUPER CAGNOTTE, can be found on Loto-Québec’s online gaming portal, lotoquebec.com, and on COSMIC™ gaming machines across casino floors within the province. The progressive jackpot has debuted with the popular series: Rich Little Hens.

“We are excited to bring our cutting-edge cross-platform offering to Loto-Québec,” said Niaz Nejad, Managing Director, Americas – Gaming at Light & Wonder. “Cross-platform progressives represent an exciting new product feature designed to bridge the gap between land-based and online gaming platforms. Players can now engage with the same mystery progressive at the casino or on their mobile devices.”

“Loto-Québec is delighted to offer Quebec customers this exclusive new product, available both online and in our casinos. We are convinced that this addition from Light & Wonder will please our customers, who already enjoy progressive jackpots and click and mortar experiences,” added François Hardy, Senior Director, Product and Innovation at Loto-Québec.

For more information, visit lnw.com.

 

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GLOBAL DESIGN FIRM WATG ACQUIRES ATLANTIC CITY-BASED SOSH ARCHITECTS

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The two firms are integrating to form a single entity, combining their industry-leading expertise in design for the hospitality, entertainment, and gaming sectors.

Following the strategic acquisition of SOSH by WATG, the leaders of both firms are working closely together to establish and implement strategies as a single business entity moving forward. SOSH’s office in Atlantic City, New Jersey will begin to operate as the 9th regional office in WATG’s global framework, following the recent announcement of WATG expansion into the Dallas market this fall.

Specializing in architecture and interior design for the hospitality, gaming, and entertainment sectors, WATG and SOSH share a commitment to design excellence, intertwined with a mutual dedication to optimizing operational performance, project delivery, and talent development. The two design firms have strong, positive relationships, shared values, and experience of working on complex, fast-paced projects that are delivered from initial design concepts to construction administration with unwavering professional service.

WATG and SOSH share a passionate and committed interest in the gaming and hospitality sectors and will now offer clients and collaborators a deeper bench of expertise in these sectors, precisely as the industry pivots to prioritize integrated resorts and mixed-use developments. Clients will benefit from the design innovation and high level of service that come from WATG and SOSH’s combined experience, diverse perspectives, global reach, and multidisciplinary approaches, as project teams draw on a larger field of knowledge and resources.

“This integration has been thoughtfully considered and directly supports the strategic growth of both firms,” said David Moore, Chief Executive Office of WATG. “SOSH has been recognized as a leader in gaming industry design, and WATG the leader in hospitality. As we come together, we’re excited by the opportunity to elevate our offering to our clients, helping them to differentiate, grow and succeed.”

“Our relationship goes back decades when our firms worked together on multiple projects in the Atlantic City market,” said Tom Sykes, Founding Principal of SOSH. “We’re proud to come together now and look forward to the opportunity to work as a collaborative, multidisciplinary team, sharing our expertise in the gaming industry and gaining from WATG’s elite and global presence. The process of integration will be now begin and will further strengthen the service that we can offer our clients on both existing and future projects.”

 

The post GLOBAL DESIGN FIRM WATG ACQUIRES ATLANTIC CITY-BASED SOSH ARCHITECTS appeared first on European Gaming Industry News.

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