RegTech iProov’s new solution is set up to tackle the rising threat of deepfake-based cybercrime.
The iProov Security Operations Centre (iSOC) combines technology, process and people to monitor and manage the rapidly evolving landscape of biometric cybercrime, including deepfakes.
The new launch comes as many financial service providers are using biometrics as part of their security.
Biometrics also serves one of the accepted ways for customers to identify themselves when doing electronic payments as outlined by the EU’s strong customer authentication rules.
iProov warns that the need for solutions like iSOC will only grow as cyber criminals can easily tap into cheap deepfake technologies, making it easier for bad actors to launch new schemes.
In fact, recent research from iProov showed that 75% of financial decision makers in company fear the rise of deepfakes.
Here’s how it works: iProov’s iSOC combines machine-learning technology with responsive processes to provide resilience against the emergence of ever more sophisticated attacks. In other words, iSOC can warn about, protect against and analyse attacks.
“Providers of biometric assurance will be faced by extremely clever and well-resourced attackers,” said Andrew Bud, founder and CEO at iProov. “An unmonitored cybersecurity solution is a dangerous thing. Without the means to detect and remedy exploits as they emerge, a system is highly vulnerable. That includes face verification solutions.
“Our key advantage is the intelligence that we gather about attacks. iSOC is the way we gather and process that information, so it’s fundamental to securing the resilience of our solutions. This is why forward-thinking organisations choose iProov to provide biometric authentication. We deliver verifiable confidence in the future to our enterprise customers and their end users.”
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