The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

    n-img-roi-cross

    Before You Go, Schedule Your Free Demo Today

    Valid Invalid number


    Note: Fields marked with an asterisk(*) are mandatory.

    n-exit-img-roi-cross

    Thank you for your demo request

    We appreciate your interest and look forward to discussing how our solution can meet your needs. Expect to hear from us shortly with scheduling details.

    Close

    65,000 Australian Credit Cards Discovered on Dark Web

    n-img-65k

    A significant proportion of stolen credit cards contained private information such as addresses, telephone numbers, and e-mail addresses, exposing victims to identity theft.

    The dark web contained six million stolen payment cards, with two-thirds of them bundling private information like names, numbers, and emails. Australia was ranked second on cyber-security researchers’ fraud risk index after nearly 65,000 credit, debit, and ATM cards were compromised.

    NordVPN, the VPN provider responsible for the research, reported that Australian payment cards are sold for an average of $9.82 on the dark web. That are being sold on all eight major dark web marketplaces. According to the report, this digital marketplace thrived on the global issue, which will cause losses of $32.96 billion by 2023.

    Adrianus Warmenhoven, NordVPN’s cyber advisor, said: “The cards researchers found are just the tip of the iceberg. The information sold with these cards makes it much more dangerous.”

    A total of 65,000 Australian cards were on sale, of which about 28,000 included home addresses, 22,000 telephone numbers, 18,000 emails, and about 200 incorporated dates of birth.

    The bundles could therefore enable cybercriminals to commit identity fraud and even abuse the legal system to gain access to more personal information about the victims. Additionally, it explained how the cards were stolen.

    “In the past, experts linked payment card fraud to ‘brute-forcing’ attacks — when a criminal tries to guess a payment card number and CVV to use their victim’s card,” Warmenhoven said. “However, most of the cards we found during our research were sold alongside the email and home addresses of their victims, which are impossible to brute force. We can therefore conclude that they were stolen using more sophisticated methods, such as phishing and malware,” he added.

    A total of $27.5 million could be earned by cybercriminals from selling the database analysed in the research, the report estimates. The value of the payment card details may exceed the price criminals pay if purchased.

    NordVPN’s global risk index ranked Australia higher than Malta, despite over half of the six million compromised cards being issued in the United States. As NordVPN took into account political, financial, and card data to calculate the index, European countries and the Anglosphere topped the list.

    An economy with a high income, therefore, has a higher chance of having people steal from their credit cards. China has historically been the source of large-scale hacking operations, according to NordVPN, whose political stance is hostile to western nations. Cybercriminals are likely more prevalent in countries that are struggling financially. Those who live in poverty are more likely to resort to illegal methods to make money, such as cybercrime.

    Suggested Reads:

    AUSTRALIA TO BAN CREDIT CARDS FOR ONLINE GAMBLING TO PREVENT PAYMENT FRAUD

    AUSTRALIAN GOVERNMENT TO EXTEND AML AND CTF REGIME

    b-banner-IDV in Ensuring Secure Gaming

    Related Posts

    News

    Cambodia Under FATF’s Tight Monitoring Over Weak AML Measures

    Cambodia is under the tight monitoring of FATF over weak AML measures. According to Transparency ...

    Cambodia Under FATF’s Tight Monitoring Over Weak AML Measures Explore More

    News

    Chinese regulators extend financial support to bring Hong Kong, Macau closer

    China’s financial regulators revealed an extensive plan to ease investments and cross-border tran...

    Chinese regulators extend financial support to bring Hong Kong, Macau closer Explore More

    News

    Norway to Revive Travel by Introducing Vaccine Passports

    By the Summer of 2021, Norway plans to revive travel to and from the country as it joins the list...

    Norway to Revive Travel by Introducing Vaccine Passports Explore More

    News

    FATF Points Out Jurisdictions with Inadequate AML/CFT Measures

    After the Financial Action Task Force issued public statements regarding updates to its lists of ...

    FATF Points Out Jurisdictions with Inadequate AML/CFT Measures Explore More

    News

    FTX Customers File Class Action Against Bankrupt Crypto Exchange

    FTX customers had filed a class action against the bankrupt crypto exchange and its ex-CEO Sam Ba...

    FTX Customers File Class Action Against Bankrupt Crypto Exchange Explore More

    News

    Tesla CEO Elon Musk Accuses SEC of Leaking Information in Federal Investigation

    Tesla CEO Elon Musk has accused the SEC of leaking information about a federal investigation as a...

    Tesla CEO Elon Musk Accuses SEC of Leaking Information in Federal Investigation Explore More

    News

    $6.1 Million Seized As US Treasury Sanctions Another Crypto Exchange

    The US Department of the Treasury has sanctioned Chatex crypto exchange “for facilitating financi...

    $6.1 Million Seized As US Treasury Sanctions Another Crypto Exchange Explore More

    News

    SEC Unfolds Strict Regulations to Prevent Financial Crimes in Stock Market

    SEC (Securities Exchange Commission) is to implement tough regulations to prevent money launderin...

    SEC Unfolds Strict Regulations to Prevent Financial Crimes in Stock Market Explore More

    News

    Money Laundering Concerns Prompt Hong Kong Banks to Reject Crypto Transactions

    Despite the Hong Kong government’s encouragement, two banks have rejected crypto activities...

    Money Laundering Concerns Prompt Hong Kong Banks to Reject Crypto Transactions Explore More

    News

    MFSA, SEC, Along with FCA Introduces New AML Guidelines for Money Laundering Officers and Virtual Asset Service Providers

    The Malta Financial Services Authority (MFSA), Securities and Exchange Commission (SEC), and Fina...

    MFSA, SEC, Along with FCA Introduces New AML Guidelines for Money Laundering Officers and Virtual Asset Service Providers Explore More

    News

    Atomic Wallet Hack Results in $35 Million Loss as Investigation Continues

    Atomic Wallet users have reported losing millions of dollars worth of cryptocurrency. It was anno...

    Atomic Wallet Hack Results in $35 Million Loss as Investigation Continues Explore More

    News

    California to Legislate Stronger Children’s Online Safety Bill

    Assembly Bill 2273 for children’s online safety and privacy was approved by lawmakers in Ca...

    California to Legislate Stronger Children’s Online Safety Bill Explore More

    News

    MEPs Disclose Plans To Crack Down On Money Laundering – AMLA Reports

    The civil liberties and economic affairs committees discussed the plan to establish an EU Authori...

    MEPs Disclose Plans To Crack Down On Money Laundering – AMLA Reports Explore More

    News

    Banks warned against profiteering from UK coronavirus crisis

    British institutions, including banks, have been urged to avoid profiteering from the Coronavirus...

    Banks warned against profiteering from UK coronavirus crisis Explore More

    News

    Regulatory Authorities to File a New Bill to Secure the Citizens from Cyber Criminal Activities

    Senator Estrada filed a bill to protect senior citizens unfamiliar with modern technology from cy...

    Regulatory Authorities to File a New Bill to Secure the Citizens from Cyber Criminal Activities Explore More

    News

    US DOJ Arrests Two in Alleged NFT Money Laundering, Rug Pull Scheme

    The US Department of Justice has arrested two in a $1.1 million non-fungible token fraud and mone...

    US DOJ Arrests Two in Alleged NFT Money Laundering, Rug Pull Scheme Explore More

    News

    South Africa Introduces Biometric Child Registration To Stop ID Theft

    The Department of Home Affairs (DHA) in South Africa recently introduced a new method of biometri...

    South Africa Introduces Biometric Child Registration To Stop ID Theft Explore More

    News

    U.S. Schools and Colleges Witness a Rise in Data Breaches

    Data breaches and cyberattacks continue to grow and now targeting the education sector. Amid the ...

    U.S. Schools and Colleges Witness a Rise in Data Breaches Explore More

    News

    Signature Bank under Criminal Investigation

    US prosecutors are investigating the relation of Signature Bank with crypto clients as regulators...

    Signature Bank under Criminal Investigation Explore More

    News

    Europol and EU Member States Launch Operation Targeting Assets of Sanctioned Entities

    Europol and EU member states along with Eurojust and Frontex have launched Operation Oscar to ass...

    Europol and EU Member States Launch Operation Targeting Assets of Sanctioned Entities Explore More

    News

    EU Lawmakers to Initiate Discussions on AML Laws for Bitcoin, Ethereum & More

    The EU’s parliament, commission, and council are set to initiate discussions on the issue of anti...

    EU Lawmakers to Initiate Discussions on AML Laws for Bitcoin, Ethereum & More Explore More

    News

    LocalBitcoins Matching Exchange, Cited By U.S. In Bizlato Case, To Shut Down After 10 Years

    LocalBitcoins, the crypto firm named by the US treasury in the Bizlato exchange case, has announc...

    LocalBitcoins Matching Exchange, Cited By U.S. In Bizlato Case, To Shut Down After 10 Years Explore More

    News

    Chinese Bank trials the test interface for PBoC’s Digital Currency

    One of China’s largest state-owned banks, the Agricultural Bank of China (ABC) is testing a new i...

    Chinese Bank trials the test interface for PBoC’s Digital Currency Explore More

    News

    Deutsche Bank AG Settles Money Laundering Probe Worth $7.1 Million

    Deutsche Bank AG settled a money laundering case of $7.1 million over the probe by Frankfurt pros...

    Deutsche Bank AG Settles Money Laundering Probe Worth $7.1 Million Explore More

    News

    United Nations Calls for a Pact to Fight Financial Crimes

    United Nations’ panel of experts has called on the governments around the world to take part in e...

    United Nations Calls for a Pact to Fight Financial Crimes Explore More

    News

    FIU Highlights the Risks of Money Laundering in Estonia Due to VASPs

    FIU has highlighted in its annual report the risk of money laundering and terrorist financing in ...

    FIU Highlights the Risks of Money Laundering in Estonia Due to VASPs Explore More

    News

    Regional Watchdog Assesses the AML Protocols Followed by Liberia to Fight Money Laundering

    The Financial Intelligence Unit of Liberia has established the Inter-governmental Action Group Ag...

    Regional Watchdog Assesses the AML Protocols Followed by Liberia to Fight Money Laundering Explore More

    News

    France to Consider Amendment Obliging Crypto Firms to Obtain Licenses

    In January 2023, the French Parliament will consider the amendment to cancel the favorable treatm...

    France to Consider Amendment Obliging Crypto Firms to Obtain Licenses Explore More

    News

    Hong Kong’s SFC Plans to Regulate Digital Asset Trading Platforms

    Hong Kong’s Securities and Future Commission has proposed strict rules for digital asset exchange...

    Hong Kong’s SFC Plans to Regulate Digital Asset Trading Platforms Explore More

    News

    Over 6000 BVNs Under Scrutiny for Fraudulent Transactions, Reveals CBN

    The Central Bank of Nigeria (CBN) has revealed that more than 6000 Bank Verification Numbers (BVN...

    Over 6000 BVNs Under Scrutiny for Fraudulent Transactions, Reveals CBN Explore More

    News

    ACRA to Impose Stricter Rules to Combat Money Laundering & Terrorist Financing

    ACRA has proposed stricter rules for professionals and firms that assist businesses with corporat...

    ACRA to Impose Stricter Rules to Combat Money Laundering & Terrorist Financing Explore More

    News

    Anonymous Report Reveals Indian Indiscriminate Targeting Against NGOs

    According to the shadow report, India has been indiscriminately targeting non-governmental organi...

    Anonymous Report Reveals Indian Indiscriminate Targeting Against NGOs Explore More

    News

    Saudi’s SAMA Warns Clients of Upsurge in Financial Fraud

    SAMA urges clients to practice the highest degree of caution and prevents exposing any confidenti...

    Saudi’s SAMA Warns Clients of Upsurge in Financial Fraud Explore More

    News

    ‘EU Has Fragmented Approach to Combat FinCrime’, Says ECA

    The European Court of Auditors (ECA) has identified weaknesses in the Anti-Money Laundering polic...

    ‘EU Has Fragmented Approach to Combat FinCrime’, Says ECA Explore More

    News

    Colombia Releases New Regulations For Crypto Firms Operating in the Country

    The Colombian government passed new drafts for the local crypto organisations to continue operati...

    Colombia Releases New Regulations For Crypto Firms Operating in the Country Explore More

    News

    Exchanges in Nigeria to Take Measures Against Crypto Scams

    Nigerian cryptocurrency industry is to take strong measures to guarantee a safe trading environme...

    Exchanges in Nigeria to Take Measures Against Crypto Scams Explore More

    News

    UAE Judges Discuss Steps Taken by Authorities to Strengthen AML Controls

    UAE’s senior judges outline the legal actions taken by authorities to strengthen anti-money laund...

    UAE Judges Discuss Steps Taken by Authorities to Strengthen AML Controls Explore More

    News

    Central Bank of Nigeria Speaks About the Terrorism Fuelled by Cryptocurrency

    The Central Bank of Nigeria, comments on why it does not favour the means of digital currency and...

    Central Bank of Nigeria Speaks About the Terrorism Fuelled by Cryptocurrency Explore More

    News

    $196M Lost in BitMart Hack, Crypto Analysts Warn More Will Come

    BitMart, one of the world’s largest cryptocurrency exchanges, lost $196 million in a recent...

    $196M Lost in BitMart Hack, Crypto Analysts Warn More Will Come Explore More

    News

    Silly Season Scams to Rise as AFP Forewarns Fake Delivery Texts

    The Australian Federal Police (AFP) has warned of fake delivery texts. Scammers use legitimate-lo...

    Silly Season Scams to Rise as AFP Forewarns Fake Delivery Texts Explore More

    News

    Dutch Money Mule Caught Involved in $3.5M of Money Laundering in Australia

    A 22-year old Dutch national has been arrested by Australian Police for being a money mule in a m...

    Dutch Money Mule Caught Involved in $3.5M of Money Laundering in Australia Explore More

    News

    Hacker Group Profited $7M in Crypto by Selling Stolen Credit Cards

    A hacker group “Keeper” developed an interconnected network of over 570 eCommerce sites to steal ...

    Hacker Group Profited $7M in Crypto by Selling Stolen Credit Cards Explore More

    News

    ODJFS Makes Efforts Against Fraud Schemes, Calling for Improved Safeguards

    The Ohio Department of Jobs and Family Services (ODJFS) has estimated that approximately $506 mil...

    ODJFS Makes Efforts Against Fraud Schemes, Calling for Improved Safeguards Explore More

    News

    Hong Kong further strengthens its Cryptocurrency regulations

    Paul Chan, the Financial Secretary of Hong Kong, stated that the country was considering to stren...

    Hong Kong further strengthens its Cryptocurrency regulations Explore More

    News

    EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets

    The Council Presidency has reached a provisional agreement with the EU Parliament regarding the r...

    EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets Explore More

    News

    Bulgarian Prosecutors Investigate Crypto Lender Nexo for Alleged Illegal Activities

    Bulgarian officers have launched an investigation against Nexo as the crypto Lender was involved ...

    Bulgarian Prosecutors Investigate Crypto Lender Nexo for Alleged Illegal Activities Explore More

    News

    Norway to Revive Travel by Introducing Vaccine Passports

    By the Summer of 2021, Norway plans to revive travel to and from the country as it joins the list...

    Norway to Revive Travel by Introducing Vaccine Passports Explore More

    News

    FATF Publishes 35 New Indicators Against Trade-based Money Laundering

    Financial Action Task Force (FATF) and Egmont group has published a new report on risk-indicators...

    FATF Publishes 35 New Indicators Against Trade-based Money Laundering Explore More

    News

    IMF Advocates CBDC and Global Crypto Regulations for Financial Stability

    The new policies advocated by the IMF seek to minimize financial risks associated with the global...

    IMF Advocates CBDC and Global Crypto Regulations for Financial Stability Explore More

    News

    Betting and Gambling Council Host AML Training for Gambling Industry

    During the Gambling Anti-Money Laundering Group (GAMLG) training day on September 6th, the Bettin...

    Betting and Gambling Council Host AML Training for Gambling Industry Explore More

    News

    Crypto Scams Reach New Heights in 2020 With $24M Stolen So Far

    Whale Alert alleges that crypto scams are skyrocketing so far in 2020.  A report revealed,scammer...

    Crypto Scams Reach New Heights in 2020 With $24M Stolen So Far Explore More

    News

    UAE Adopts Facial Recognition for ID Verification Instead of Emirates ID Card Readers

    Facial recognition instead of Emirates ID card readers will now verify identity. The Federal Auth...

    UAE Adopts Facial Recognition for ID Verification Instead of Emirates ID Card Readers Explore More

    News

    South Africa links fintech startups with financial regulators

    South Africa’s financial regulators have initiated the Inter-governmental Fintech Working Group (...

    South Africa links fintech startups with financial regulators Explore More

    News

    Crown Resorts Accused of ‘Serious and Systemic’ Money-Laundering Breaches

    AUSTRAC has brought Crown Resorts to court as the casino breached anti-money laundering regulatio...

    Crown Resorts Accused of ‘Serious and Systemic’ Money-Laundering Breaches Explore More

    News

    Germany to Form a new Anti-Money Laundering Agency

    Germany is reportedly forming a new AML agency that aims to regulate sanction efforts and money l...

    Germany to Form a new Anti-Money Laundering Agency Explore More

    News

    Europe Bolsters Fight Against Financial Crime with AMLA Formation

    The European Parliament (EP) and European Union (EU) council teams have agreed to create the Euro...

    Europe Bolsters Fight Against Financial Crime with AMLA Formation Explore More

    News

    Pakistan’s State Bank unveils new AML/CFT regulations for Forex Firms

    State Bank of Pakistan on Tuesday amended Anti-money laundering (AML) and Counter Financing of te...

    Pakistan’s State Bank unveils new AML/CFT regulations for Forex Firms Explore More

    News

    Swedbank Estonia Reports High-Risk Client for Laundering $2 Billion

    Swedbank Estonia labeled one of its clients a “high-risk” company due to suspicious transactions ...

    Swedbank Estonia Reports High-Risk Client for Laundering $2 Billion Explore More

    News

    UK Launches New Crypto Asset Promotion Rules

    The UK’s latest obligations on the promotions of the crypto service providers came into force thi...

    UK Launches New Crypto Asset Promotion Rules Explore More

    News

    FCA Unveils Three-Year Anti-Money Laundering Strategy to Curb Financial Crime

    The FCA unveiled in its new report a three-year anti-money laundering strategy which includes a n...

    FCA Unveils Three-Year Anti-Money Laundering Strategy to Curb Financial Crime Explore More

    News

    Bitcoin scam exposes thousands to a data breach

    Fraud websites have successfully stolen the personal records of a number of individuals from the ...

    Bitcoin scam exposes thousands to a data breach Explore More

    News

    Australia’s Money Laundering Failures Increase Risk of Russia Sanctions

    Australia is facing embarrassment on the possibility of being placed on the FATF’s “grey list” fo...

    Australia’s Money Laundering Failures Increase Risk of Russia Sanctions Explore More

    News

    Amendments in Thailand’s Money Laundering Act to Include New Offenses

    A proposed amendment in Thailand’s Money Laundering Act was approved by the cabinet to include ad...

    Amendments in Thailand’s Money Laundering Act to Include New Offenses Explore More

    News

    Two Bank Workers Banned by Central Bank in the Philippines for Wirecard Fraud

    Two bank workers, involved in issuing fake documents, have been banned by the Central Bank. The a...

    Two Bank Workers Banned by Central Bank in the Philippines for Wirecard Fraud Explore More

    News

    Effective Measures are Needed to Tackle Money Laundering and Terrorist Financing, Says EMLCU’s Head

    The Union of Arab Banks arranged the three-day anti-money laundering and terrorist financing even...

    Effective Measures are Needed to Tackle Money Laundering and Terrorist Financing, Says EMLCU’s Head Explore More

    News

    AUSTRAC Teams Up with Pacific to Counter Money Laundering For Enhanced Regional Security

    Australia’s AML Agency AUSTRAC has partnered with the Pacific Financial Intelligence Unit t...

    AUSTRAC Teams Up with Pacific to Counter Money Laundering For Enhanced Regional Security Explore More

    News

    WhatsApp Introduces Fingerprint Authentication For Android

    WhatsApp has recently announced that its app can be locked with a fingerprint, now available on A...

    WhatsApp Introduces Fingerprint Authentication For Android Explore More

    News

    Britain’s FCA Fines Ghanaian Bank for Insufficient AML Regulations

    The Financial Conduct Authority of the UK has imposed fines of £5.8 million on Ghana Internationa...

    Britain’s FCA Fines Ghanaian Bank for Insufficient AML Regulations Explore More

    News

    China Announces New Office To Combat Money Laundering

    An office devoted to combating money laundering and ensuring financial institutes comply with Ant...

    China Announces New Office To Combat Money Laundering Explore More

    News

    Binance to Strengthen KYC Measures & Sanctions Enforcement with New Partnerships

    The global crypto exchange Binance has announced that it will strengthen its KYC controls & s...

    Binance to Strengthen KYC Measures & Sanctions Enforcement with New Partnerships Explore More

    News

    Canada Seeks to Digitize ID-Documents for Enhanced Security Measures

    Canada, Ontario’s government is working towards digitizing the identity documents and seeks publi...

    Canada Seeks to Digitize ID-Documents for Enhanced Security Measures Explore More

    News

    Swedish Biggest Bank Hosts Active Account for PKK Terrorist Group

    According to a local media source, the most prominent Swedish bank, SEB (Skandinaviska Enskilda B...

    Swedish Biggest Bank Hosts Active Account for PKK Terrorist Group Explore More

    Take the next steps to better security.

    Contact us

    Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

    Contact us

    Request demo

    Get free access to our platform and try our products today.

    Get started