Onfido to Delve Into Hacking, Fraud Risks of COVID-19

With the ongoing COVID-19 pandemic continually reinforcing a trend toward remote work, and prompting various organizations to seek immediate support in the form of loans, Onfido is warning that it’s more important than ever to ensure reliable identity verification. The surge in remote access of sensitive corporate assets is presenting a trove of new opportunities to hackers, while fraudsters will be looking to take advantage of a climate of accelerating financial lending to profit off the COVID-19 crisis.

To mitigate these threats, organizations will need to embrace sophisticated authentication solutions like Onfido’s selfie-based system, which can biometrically match end users to their official identity documents. And Onfido isn’t alone in making this argument; the company has organized a webinar on the topic that will feature executives from the Alliance for Innovative Regulation, the Better Identity Coalition, and Mastercard, as well as Onfido Director of Strategic Accounts and Policy Parker Crockford.

The webinar, slated for this Wednesday, comes after Onfido’s announcement last week that it is offering its authentication solution for free for a period of six months to any nonprofits or charities operating in the education, healthcare, or home care sectors that are actively involved in the fight against COVID-19. It’s a demonstration of just how seriously Onfido is taking the pandemic and its associated risks with respect to fraud and digital security, and a sign that Onfido will come through the crisis as a clear industry leader in providing fast and effective authentication technology.