Civic’s $1 Million Identity Fraud Protection
A new blockchain-based identity platform called Civic wants to be a second-factor authentication for people who want to be insured for digital ID theft protection. The app, which just launched, notifies its users when their social security is used by a Civic affiliate allowing people to make sure the use of this information is legitimate. Vinny Lingham’s....
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Identity theft protection company LifeLock has acquired Lemon Inc, creator of an innovative digital wallet, for $42.6m. Lemon Wallet launched in 2012 with the aim of "delivering the most consumer focused, secure and innovative digital wallet experience on the market". The app was initially designed as a backup of a physical wallet, but it went on to develop more and more useful features, with users being able access real time account balances and fraud alerts. LifeLock launched its own new app today - LifeLock Wallet - which utilizes all of Lemon's technology to aid users in the management....
Civic’s Ignite Pass aims to combat bots targeting NFT drops on the Solana network by verifying video-based selfies using artificial intelligence. Identity verification tech firm Civic Technologies has launched a free tool to combat botting activity in Solana (SOL)-based NFT drops. According to a Nov. 8 announcement, Civic’s new tool “Ignite Pass” will filter out bots by requiring buyers to complete a liveness verification before being approved to make NFT purchases. Civic’s website notes that users will be required to take a video selfie in order to verify, with an Ignite Pass then being....
Crypto trader Avraham “Avi” Eisenberg was found guilty by a Manhattan jury in October 2022 of orchestrating a $110 million fraud scheme targeting the decentralized finance (DeFi) protocol, Mango Markets. According to prosecutors, Eisenberg, operating under a false identity, allegedly engaged in market manipulation to drive up the price of Mango’s token, MNGO, and related […]
HYPR-3 is a consumer product solution for extra high security with three-factor authentication that will be arriving by May 2015. This system allows users to authorize mobile payments with their fingerprint by swiping an adhesive biometric token generator approximately the size of a nicotine patch. Attaching the HYPR-3 Sticker to a Bluetooth enabled device replaces passwords with 3 Factor Authentication. The three-factor authentication is described has a process by which users can enhance their security by applying a 3rd factor with the user finger print:Something I have, Something I am,....
Ethereum based startup, Trust Stamp has announced the founding of DAOTRUST. The company provides protection against identity theft, friendly-fraud and stranger-danger, by supplying a secure digital token verifying the user’s photograph, identity and trustworthiness In a press release, the company announced the founding of DAOTRUST, an Ethereum domiciled DAO (Distributed Autonomous Organization) that will administer a charitable endowment representing an initial 10% ownership stake in Trust Stamp. Why Trust Stamp is not DAO. According to the CEO of Trust Stamp, Andrew Gowasack, the company....