Google and Entrust Team to Combat Identity Fraud | PYMNTS.com

The collaboration is designed to boost innovation in identity verification and AI-driven security amid a rapid rise of increasingly sophisticated fraud, according to a Monday (Feb. 9) news release.

“The integrated solution will help organizations strengthen security defenses against the rapid rise and sophistication of fraud while improving onboarding efficiency through deep reporting and actionable insights,” the companies said in the release.

“These capabilities are particularly important in highly regulated industries such as financial services and insurance, where the consequences of identity fraud are high for organizations and the people they serve.”

The release notes that the threat of identity fraud is growing along with the volume and complexity of deepfakes, citing data from Entrust showing a 40% year-over-year surge in injection attacks at onboarding.

The companies say…