Report by Regula
The Future of Identity Verification: 5 Threats and 5 Opportunities
Key Findings
Adoption of multi-factor authentication (MFA) in fintech is projected to increase from 23% to 31%.
26% of companies in the crypto industry view biometric verification as their primary fraud-prevention tool.
One in three businesses worldwide has been impacted by deepfakes and other impersonation attacks.
23% of companies globally utilize behavioral biometrics for fraud prevention.
22% of companies globally employ basic biometrics such as fingerprints and face scans for fraud prevention.
40% of companies globally currently use multi-factor authentication (MFA) for fraud prevention.
26% of companies in the healthcare industry identify biometric verification as their leading fraud-prevention tool.
29% of companies in the aviation industry consider biometric verification their top fraud-prevention tool.