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Here are the main industry highlights of this week impacting identity and fraud, cybersecurity, trust and safety, financial crimes compliance, and privacy and consent management.
🪄Innovation and New Technology Developments
Facial Age Estimation and Produce Recognition Combined in EDEKA Self-Checkout System
Diebold Nixdorf has integrated facial age estimation technology from Yoti with its produce recognition system in self-service checkouts at an EDEKA Beckesepp store in Germany. The system identifies fresh produce without barcodes using camera-based object recognition and performs optional facial age checks for age-restricted purchases. Customers can also use ID cards for store access and purchases outside standard hours. The facial age estimation technology aims to streamline the checkout process and reduce staff dependence, with broader trials already underway in other EDEKA locations and in Lithuania. (Source)
Fiserv Unveils FIUSD Stablecoin to Modernize Digital Finance Infrastructure
Fiserv has announced the upcoming launch of FIUSD, a new stablecoin integrated into its digital asset platform aimed at financial institutions and merchants. Scheduled for release by year-end, FIUSD will be accessible via Fiserv’s extensive banking and payment infrastructure, leveraging technology from Paxos and Circle and operating on the Solana blockchain. The initiative seeks to offer secure, scalable access to blockchain-enabled financial services, with features like 24/7 settlement and programmable payments. Fiserv positions FIUSD as a compliant, capital-efficient solution for banks, supported by existing fraud and risk controls, and part of a broader strategy to modernize digital financial services (Source)
Alipay Unveils Smart Glasses With Voice and QR Payments in Hong Kong Through Meizu Partnership
Alipay has introduced smart glasses that allow users to make payments using QR code scans and voice authentication, marking the company’s first such transaction in Hong Kong via AlipayHK. Developed in partnership with MEIZU, the glasses integrate Alipay’s voiceprint authentication and intent recognition with Meizu’s display and voice capture technology. A similar rollout occurred in China in collaboration with AR glasses maker Rokid. Ant Group, Alipay’s parent company, plans to expand this capability to Alipay+ global partners in 2025, complementing its broader biometric initiatives, including palm recognition and deepfake-resistant eKYC systems. (Source)
UAE Pass Powers 5,000+ Services With Facial Recognition and Drives National Digital Transformation
The UAE Pass, the country’s national digital ID platform, now facilitates access to over 5,000 services across the public and private sectors, with more than 11 million users and 2.6 billion digital transactions recorded. Integrated by 322 service providers, the platform supports secure digital interactions, including document signing and verification, through a single login and facial recognition. The system, which also houses over 20 million verified digital documents, underpins the UAE’s broader digital transformation efforts. Its efficiency and widespread adoption contributed to the UAE’s top-five ranking in the IMD World Competitiveness Ranking. (Source)
đź’° Investments and Partnerships
KnowBe4 Partners with Microsoft to Strengthen Email Security Through Integrated Threat Detection
KnowBe4 has partnered with Microsoft to enhance email security through an integration that combines KnowBe4’s AI-powered threat detection with Microsoft 365’s existing protections. As the inaugural member of Microsoft’s ICES vendor ecosystem, KnowBe4’s Defend platform adds advanced inbound threat analysis while preserving organizations’ current Microsoft security investments. The collaboration offers multi-layered threat detection, improved incident response tools, and a unified defense strategy, aiming to deliver more effective protection against email-based threats for joint customers globally. (Source)
Snyk Expands AI Security Capabilities with Acquisition of Invariant Labs
Snyk has acquired Invariant Labs, an AI security research firm, to enhance its AI Trust Platform and bolster protection against emerging threats in AI-native software. The acquisition brings Invariant’s expertise in agentic AI vulnerabilities, including MCP exploits and tool poisoning, into Snyk’s expanding research division, Snyk Labs. This move supports a unified platform for securing both traditional applications and new autonomous AI systems. Invariant Labs’ Guardrails technology offers runtime detection and contextual safeguards, advancing Snyk’s ability to protect against unauthorized AI behavior and novel attack vectors. The deal underscores the growing need for proactive security in AI-driven development environments. (Source)
Vyntra Emerges From NetGuardians and Intix Merger to Tackle Financial Crime and Strengthen Compliance
Financial crime prevention firm NetGuardians and transaction analytics provider Intix have merged to form Vyntra Global, a new company offering integrated services for real-time transaction monitoring, AML compliance, and fraud detection. Vyntra, now serving over 130 institutions across 60+ countries, aims to provide comprehensive transaction observability and enhance operational resilience in financial institutions. The merger responds to rising fraud threats, with 80% of organizations targeted in 2024, and seeks to offer scalable solutions to address the evolving complexities of digital financial crime and compliance demands. (Source)
Fleet Raises $27 Million Series B to Expand Open Device Management Platform
Fleet, an open-source device management company, has raised $27 million in an oversubscribed Series B funding round, bringing its total funding to $52.3 million. The round was led by Ten Eleven Ventures and follows a 6x revenue growth over the past two years. Fleet’s platform allows IT and security teams to manage devices through both self-hosted and cloud-hosted deployment options. The funding will be used to further develop and expand the adoption of Fleet’s open device management technology. Additional backers include CRV, Open Core Ventures, GitLab’s Sid Sijbrandij, and leaders from companies like MobileIron, Vercel, Material Security, and Lookout. (Source)
⚖️ Policy and Regulatory
Meta Wins Copyright Lawsuit Over AI Training with Books by Authors like Sarah Silverman
A federal judge has ruled in favor of Meta in a lawsuit brought by 13 authors, including Sarah Silverman, who alleged their copyrighted books were used illegally to train AI models. Judge Vince Chhabria granted summary judgment, finding Meta’s actions qualified as fair use, noting the AI’s output was transformative and the plaintiffs failed to prove market harm. However, he emphasized the decision’s narrow scope, cautioning that future plaintiffs with stronger arguments could prevail. This follows a similar ruling favoring Anthropic and reflects ongoing legal scrutiny as tech firms face additional lawsuits involving other copyrighted materials. (Source)
UK PESTT Report Highlights Emerging Biometric Technologies and Ethical Challenges in Policing
The UK’s Police Emerging Science and Technology Trends (PESTT) report outlines how law enforcement could soon adopt advanced technologies, including biometrics derived from brainwaves, to enhance policing capabilities. The report, prepared by the Office of the Police Chief Scientific Adviser, identifies future trends such as online biometrics, gait and voice recognition, and analysis of digital behaviors. While these tools could improve suspect identification and forensic investigations, the report also warns of potential misuse, such as biometric spoofing and exploitation of data from personal devices. It emphasizes the importance of ethical frameworks and legislative support, including ongoing efforts like the Crime and Policing Bill and live facial recognition deployments. (Source)
Spain Proposes Groundbreaking Law for Child Online Safety with Focus on Age Verification and Digital Literacy
Spain has proposed a comprehensive law to protect minors online, focusing on age verification, platform accountability, and digital literacy. The draft legislation criminalizes exposing minors to pornography and AI-generated abuse, mandates parental controls on connected devices, and requires anonymous, privacy-focused age checks. It also imposes new duties on influencers and platforms, integrates digital education in schools, and ensures safeguards against grooming and access to mental health support. (Source)
Russian APT28 Targets Ukraine via Signal with BEARDSHELL and COVENANT Malware in Sophisticated Cyber Campaign
CERT-UA uncovered a cyberattack by Russian-linked APT28 targeting Ukrainian entities via Signal, using BEARDSHELL and COVENANT malware. BEARDSHELL enables PowerShell execution and data exfiltration via Icedrive, while COVENANT deploys it in memory. The attack began with macro-laced Word documents and exploited vulnerabilities in Microsoft Word, Windows Registry, and outdated webmail platforms. Over 40 organizations were affected, prompting calls for improved network monitoring and system patching. (Source)
Maldives Launches Consultation on Digital ID Bill to Strengthen Identity Verification and Economic Integration
The Maldives has launched a public consultation on its draft Digital Identity Bill, aimed at establishing the Maldives Digital Identity System (MDIDS) to enhance resident identification for both physical and online transactions. The proposed legislation emphasizes privacy, data security, and economic integration, with plans to link the ID system to a future digital payments platform. Authorities also hope it will assist in regulating migration. The Ministry of Homeland Security and Technology is leading the consultation, welcoming input from various stakeholders. Meanwhile, Taiwan’s digital ID system is under intense scrutiny due to security concerns, with lawmakers and banks questioning its effectiveness after its misuse in financial crimes. (Source)
Paddle Settles FTC Case for $5 Million Over Role in Tech Support Scam Payments and Agrees to Stricter Oversight
Paddle will pay $5 million to the FTC to settle claims it facilitated deceptive tech support scams, including for Restoro-Reimage. The UK-based payments firm is now banned from processing payments for tech support telemarketers and must adopt stricter merchant monitoring and transparency practices. The FTC alleged Paddle helped disguise fraudulent merchants, while Paddle denies wrongdoing and says it had already banned such clients. The case highlights rising concerns over AI-enhanced tech support scams. (Source)
Aflac Thwarts Cyberattack Targeting Insurance Sector and Offers Support Amid Ongoing Investigation
On June 12, 2025, Aflac detected and stopped a cyberattack targeting its U.S. network, with no ransomware impact or service disruption. Believed to be part of a broader campaign against the insurance sector, the attack involved social engineering tactics. Aflac is investigating with cybersecurity experts and reviewing files that may contain sensitive personal and health data. As a precaution, it’s offering 24 months of credit monitoring, identity theft protection, and Medical Shield to affected individuals. (Source)
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