INCLINE
VILLAGE, Nev., April 18,
2024 /PRNewswire/ -- Socure, the leading
provider of artificial intelligence for digital identity
verification, sanction screening, and fraud
prevention, today launched its next generation Document
Verification (DocV) solution, purpose-built to tackle the rash of
stolen identities, spoofing, and highly sophisticated deepfake
attacks that are accelerating in their complexity across nearly
every segment of the digital economy.
Open source generative AI tools have intensified the enablement
of easy-to-create fraudulent identities alongside the inexpensively
purchased stolen IDs and personally identifiable information (PII)
found on the black market. Legacy document verification solutions
that aren't investing extensively in R&D are allowing
fraudsters to beat their systems using these techniques:
tampered headshots, non-live selfie presentation attack,
duplicative headshots of the same person across varied
PII/documents, mismatch of PII provided in form field vs extracted
from document or barcode extraction, substantially different age
prediction between headshot and document date of birth, document
invalidity, deepfake selfie of true ID owners's face, forged or
blurred barcodes, image from a digital screen, repeat device usage
across multiple documents in short periods of time and more.
Sprinting ahead of these rapidly evolving complexities, many
that are used in conjunction with one another in a single attack,
Socure has launched a proprietary solution that combats every
single dimension of a potential attack at once, making it
prohibitively expensive, time-consuming, and outright unattainable
for the fraudsters to evade detection - all in less than 2 seconds
and with no impact to the user experience. This multi-layered
defense approach ensures that increasingly complex attacks cannot
circumvent the system that now analyzes 1000s of document signals
in real-time with a broader view of the identity risk by also
analyzing PII, barcode data, device and behavioral intelligence,
geolocation, and biometric signals, all resulting in the attainment
of Socure's market-leading accuracy.
In addition, Socure's next generation DocV alleviates consumer
friction concerns presented by typical document and biometric
verification solutions, bringing the verification speed down to a
P95 of 1.5 seconds, compared to the industry average of more than
30 seconds, with some requiring minutes to return a decision.
"Socure continues to get better and better for our partners with
each passing day, improving user experience, accuracy, speed to
decision and operational efficiency. The Socure brand is known for
continuous innovation as we strive for perfection and this
announcement is representative of our continued advances. With
generative AI fraud tools in the hands of bad actors,
we are seeing attacks at massive scale with the use of incredibly
accurate deepfakes and manipulated documents that easily fool
legacy biometric and template-based solution providers," said
Johnny Ayers, founder and CEO of
Socure.
For example Dave, a Socure neobank customer since 2020, has seen
a dramatic 57% increase in DocV auto approval rates resulting in a
21% lift in their overall acceptance rate. Additionally their team
has fully automated the experience eliminating the need for manual
reviews. It's also important to their business to stay ahead of
growing generative AI threats.
"At Dave, it's essential to have strong document verification
that allows us to safely accept more good consumers, making Socure
a trusted partner in our growth strategy," said Stav Gil, Vice President of Platform and
Operations at Dave. "Generative AI fraud attacks will
be an ongoing threat in digital banking, and we are excited to
continue to partner with Socure as it brings new models to
market."
Combatting Generative AI Attacks with Generative AI Solutions
- Socure on Offense
Deepfake Selfie Detector
In its most recent innovation
cycle, the Socure document verification is shutting down fraudsters
who are wielding generative AI tools to spin up sophisticated,
hyper-realistic deepfakes that fool legacy document verification
checks, mimicking both credentials and the selfies taken to match
those IDs. These deepfakes are not discernible to the human eye,
and they're outpacing the traditional machine learning models used
by most providers in the market.
Attacking generative AI for 'bad' with generative AI for 'good',
the Socure data science team generated hundreds of thousands of
carefully curated deepfakes using more than 20 different AI
generators to ensure production of a very realistic diversity of
body shapes, ages, skin tones, postures, lighting conditions,
backgrounds and ethnicities. These deepfakes train Socure's selfie
models to thwart spoofing attacks with incredible precision. See
Socure's AI-generated deepfake selfie images here.
The deepfake selfie detector is only the newest layer of defense
against these robust attacks. Socure also delivers detection for
instances in which fraudsters attempt to submit a photo of another
image or capture a digital image off a screen, as well as
proprietary injection attack detection (with multiple patents
having already been filed), which prevent digitally created
deepfake selfies from being injected into the capture or
verification session.
A Barcode Tells a Thousand Words … or
Should
Generative AI tools have made it possible for
fraudsters to recreate driver licenses and ID cards with near
perfect visual accuracy, including the barcode. There's a catch –
real barcodes tell the story of an identity with encoded PII
and built-in security features from the issuing agency. But
that's not the case for a fake barcode.
Socure's patented fake ID detection technology can identify
anomalies in even the most carefully-constructed barcodes. This
also addresses the challenge of barcodes that are blurred or
difficult to read due to natural wear and tear.
Socure's barcode enhancement system takes any unreadable,
machine generated or low quality barcode as input and then
reconstructs a clean, "super resolution" barcode that is easy to
read while maintaining the PII originally encoded within. This
allows the system to verify front and back consistency, check
barcode security compliance with issuing authority standards, and
protect against deceptive barcode fraud that can
easily fool a human reviewer.
Proprietary Predictive Fraud Signals from Across
the Socure ID Graph
Socure's DocV also stands out in the
market because it goes beyond verifying the validity of a presented
ID to examine the correlation and risk related to the identity
behind the credential - a powerful combinatorial capability unique
to Socure. The solution maps and analyzes contextual data on
consumers, leveraging insights from Socure's rich identity graph,
which provides a view of whether the PII on the credential has been
used with other identities, or was historically linked to risk. The
solution also fuses device and phone ownership information,
behavioral data, PII, and geolocation data with document
authenticity analysis, face image comparison, liveness detection,
deepfake detection, and barcode detection–all built in-house,
making it nearly impossible for a fraudster to create a digital
doppelganger.
Ideal Use Cases for DocV:
- Age verification:
- Incorporates online gaming and gambling,
alcohol and cannabis purchases and delivery, online adult content
websites with minimum-age requirements, and social media sites
requiring parental consent.
- Driver verification:
- Validates the legitimacy and age for an individual to engage in
a particular activity, including micromobility, car-sharing
services, ride-sharing drivers, car rentals, food delivery
services, alcohol and cannabis delivery.
- Identity Verification and KYC for New Applications or
High-Risk Transactions:
- Delivers heightened verification for high risk or irreversible
transactions such as wiring a large sum of money
or cryptocurrency purchases
- Step-up Authentication:
- Provides a step-up verification process to keep out fraudsters
while giving good consumers a secure verification option
- Two and three party marketplace ID verification:
- Defers fraud in order to build trust between
the two or three-parties in a marketplace. Protecting brand
reputation and customer trust & safety requires
fraud protection, especially when digital interactions
become face-to-face such as home rental services and delivery
services.
- Obtain verifiable parental consent:
-
- Protects access to social media, gaming, and financial services
when parental consent is required on behalf of minors who are not
legally allowed to consent for themselves.
- Accessing government services:
- Enables the American public to provide proof of government
identification when accessing government services in a seamless and
friction-free identity verification process.
For more information on DocV visit Socure's website or read more
in our blog. To learn more about our approach to biometrics and
privacy, read our white paper. To watch our on-demand webinar
entitled, No Bad Biometrics, Only Bad Actors: Legal Insights on
Guiding Principles to Biometric Verification click
here.
About Dave
Dave (Nasdaq: DAVE) is a leading U.S. neobank and fintech
pioneer serving millions of everyday Americans. Dave uses
disruptive technologies to provide best-in-class banking services
at a fraction of the price of incumbents. Dave partners with Evolve
Bank & Trust, a FDIC member. For more information about the
company, visit: www.dave.com. For investor information and updates,
visit: investors.dave.com and follow @davebanking on X.
About Socure
Socure is the leading provider of digital identity verification
and fraud solutions. Its predictive analytics platform
applies artificial intelligence and machine learning techniques
with trusted online and offline data intelligence to verify
identities in real-time. Socure is the only vertically integrated
identity verification and fraud prevention platform
with both IAL-2 and FedRAMP Moderate certifications, delivering
advanced levels of assurance and the highest standards for security
and compliance. The company has more than 2,200 customers across
the financial services, government, gaming, healthcare, telecom,
and e-commerce industries, including four of the five top banks,
the top credit bureau and more than 400 fintechs. Organizations
including Chime, SoFi, Capital One, Robinhood, Gusto, Public,
Poshmark, Stash, DraftKings, Prizepicks and the State of California trust Socure for accurate
and inclusive identity verification and fraud
prevention. Learn more at socure.com.
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SOURCE Socure
