Digital Identity Friday Five: May 3, 2024
Covering the most interesting news for the week of April 21 to May 3
Today is Friday, May 3. Here are five things in #digitalidentity that I found interesting this week
But first, PEAK IDV DEMO DAY update! Riley Hughes, Co-founder & CEO of Trinsic is confirmed to demo!
Trinsic joins Veridas, Mesh, Paravision, Incognia, Anonybit, Keyless, & iProov in the #livestream happening next week!
Register here: https://www.linkedin.com/events/peakidvdemoday20247180077374208626688/theater/
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1/ Permira to Acquire Majority Position in BioCatch at $1.3bn Valuation
Biocatch announced Permira has agreed to acquire a majority position in the company, purchasing shares from Bain Capital Tech Opportunities and Maverick Ventures
#biometrics #behavioral
2/ Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
According to an NBC News report, internal documents indicate Block allegedly processed crypto transactions for terrorist groups and Square processed transactions involving nations subject to economic sanctions
#aml #sanctions #screening
3/ Token Advances Next-Generation MFA with New Token Ring Featuring BioTouch Secure™
Token announced the new Token Ring with Bio-Touch Secure™ a simple, fast, and user friendly way to protect organizations against #phishing and #ransomware cyberattacks
Congrats on the new product launch, John Gunn!
4/ Baselayer Raises $6.5M Seed Round, Emerges from Stealth
Baselayer, a B2B platform utilizing proprietary Graph AI technology to fight fraud and optimize business onboarding, announced its official emergence from stealth with a $6.5 million seed round
Congrats to co-founders Jonathan Awad & Timothy Hyde!
5/ K&L Gates: ID Verification Is Rising as Social Media’s Next Big Issue
Interesting write-up by Bruce Heiman of K&L Gates highlighting emergent legislation in California for social media platforms to verify the identities of influencers
"The bill would require large social media platforms to seek to verify the identity of influential persons (determined by number of followers or pieces of content) and label the profile page of such individuals either authenticated or unauthenticated"
Link to the proposed CA Senate Bill 1228 below!
#socialmedia #idv
And those are this week’s #fridayfive
*** LINKS
TOKEN RING: https://www.tokenring.com/press/mfa-biotouch-secure-stops-ransomware-attacks
K&L GATES: https://news.bloomberglaw.com/us-law-week/id-verification-is-rising-as-social-medias-next-big-issue
CA SB 1228: https://legiscan.com/CA/text/SB1228/id/2962709