Trust Stamp

We're proud to partner with Ridgedale Federal Credit Union to elevate its identity verification standards and enhance member security. 🚀

Through this partnership, Ridgedale FCU will be implementing our government-backed Driver’s License Data Verification (DLDV) system to validate identity data in real-time during account openings and high-risk transactions.

Andrew Gowasack, President of Trust Stamp, commented:

“At Trust Stamp, we believe that every institution, regardless of size, deserves the confidence that comes with government-backed identity verification. By bringing this technology to the Credit Union and small and medium businesses (SMBs) markets, we are leveling the playing field against sophisticated identity thieves.”

Read the full press release 👇

https://www.proactiveinvestors.com/companies/news/1093381/trust-stamp-selected-by-ridgedale-federal-credit-union-for-identity-verification-services-1093381.html

Trust Stamp selected by Ridgedale Federal Credit Union for identity verification services Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID) announced that Ridgedale Federal Credit Union has selected the company to provide identity authentication services...

Yesterday, John Bridge, Co-Chair of the IAFCI Cyber Fraud Industry Group, hosted the IAFCI Cyber Summit in Chicago, alongside United Facilities.💡

Key takeaways:

1. Industry leading insights: Great to hear from our agenda of speakers about their deep cyber fraud expertise.

2. Empowering investigators: Utilizing these insights to directly equip law enforcement and fraud investigators with the tools they need.

3. Tackling modern threats: Keeping the focus on preparing teams to proactively meet and overcome emerging cyber fraud challenges.

International Association of Financial Crimes Investigators (IAFCI)

The biggest crypto hack of the year: $40M drained from Decentralized finance (DeFi) platform 💰

Whilst the exact breach point is yet to be pinpointed, it’s likely to have involved hackers gaining access to hardware and stealing private keys and seed phrases.

This is something our Wallet of Wallets (WoW) solution using our Stable IT2 technology could have prevented.

1. No Stored Keys: With WoW, private keys and biometric aren't stored for hackers to find. Instead, the "key" is only temporarily reconstructed when the executive’s IT2 biometric token is generated via a live scan.

2. Physical Presence Requirement: IT2 includes "multi-level proof-of-life" technology. A remote hacker can't "fake" a face with a photo or deepfake.

3. Fragmented Security: WoW splits the keys to your assets into separate pieces (shards), distributed across independent locations. No single entity, holds enough to access the funds. Only the user's live biometric can regenerate the key and unlock the assets.

Read the full article about the breach 👇

https://www.tomshardware.com/tech-industry/cyber-security/usd40-million-worth-of-crypto-stolen-from-step-finance-hackers-compromise-executives-devices-to-gain-illicit-access?utm_source=chatgpt.com

$40 million worth of crypto stolen from Step Finance — hackers compromise executives’ devices to gain illicit access This is the biggest crypto hack of the year, so far.

Passwords can be reset. Biometrics are permanent.🛡️

At Trust Stamp, we are establishing trust in a connected world. As a global provider of AI-powered identity solutions, we empower businesses to verify and protect customer identities at scale.

We deliver secure biometric authentication without the privacy risk. Using patented cryptographic technology, we transform biometric data into Irreversibly Transformed Identity Tokens (IT2), ensuring absolute identity assurance.

DM us to find out more 📥