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

    us

    85.208.98.29

    Cyberhack Discloses Data on Over 600,000 Medicare Beneficiaries

    n-img-cyberhack

    A data breach in May 2023 exposed the personal information of 612,000 Medicare beneficiaries, including names, dates of birth, SSNs, insurance details, and medical history. 

    Maximus, an American company that manages and administers government-sponsored programs, detected an unusual activity on May 30 in the file transfer application MOVEit, used by government and commercial customers worldwide. This resulted in a far-reaching data breach that compromised the personal information of 612,000 Medicare beneficiaries, including Social Security numbers, birth dates, driver’s licence numbers, health insurance claims, medical records, and prescriptions. 

    An investigation led to the shutdown of MOVEit the following day. Progress Software Corporation also disclosed a vulnerability in the application at the time that “had allowed an unauthorised party to gain access to files across many organisations in both the government and private sector.”

    Those whose data was compromised by the May 2023 security breach have been notified by Maximus Federal Services, the federal agency that manages Medicare, and the Centers for Medicare & Medicaid Services, the contractor that handled the breach. 

    As stated by the Centers for Medicare & Medicaid Services, personally identifiable information including name, SSN, tax identification number, date of birth, address, phone number, fax number, email, Medicare beneficiary identifier (MBI), licence number, SIN (State Identification Number), medical record information (such as the number of your medical record, diagnosis, dates of service, images, treatments, etc.), health insurance claim number (HICN), insurance policies, insurance subscribers, health benefits, and enrollment.

    According to a Form 8-K filed with the Securities and Exchange Commission on July 26, it is estimated that Maximus’ investigation and “remediation activities” have so far cost approximately $15 million. Moreover, Maximus reported that it anticipates notifying 8 million and 11 million people of the breaches resulting from the cybersecurity hack.

    Additionally, the driver’s licence database of Oregon, Siemens Energy, UCLA, and British Airways has been hacked, as well as the Office of Motor Vehicles in Louisiana. A spokesperson for the non-profit Identity Theft Resource Center (ITRC), which educates consumers about the dangers of identity theft, stated, “I don’t think we’ve gotten to the end of this rope yet. Our information is in so many different places, it’s hard to track where it is.”

    Even though this incident is alarming, it is only one of 1,587 breaches reported by the ITRC so far in 2023, which places it very close to reaching the all-time high of 1,862 breaches reported in 2022.

    Suggested Reads:

    MIRABAUD BANK FINED $3M FOR AML FAILINGS BY DUBAI AUTHORITIES

    THE US SECURITIES AND EXCHANGE COMMISSION IDENTIFIES AML FAILURES OF US BROKERAGE FIRMS

    SIX MEN ARRESTED IN HONG KONG FOR US$22.4 MILLION IN FRAUD

    Related Posts

    News

    United States Senate, UAE Government, and Spain Make Significant Efforts to Curb Money Laundering and Terrorist Financing Activities

    United States Senate, UAE Government, and Spain Take effective measures to amend current Anti-Mon...

    United States Senate, UAE Government, and Spain Make Significant Efforts to Curb Money Laundering and Terrorist Financing Activities Explore More

    News

    UK Parliament Legislates New Digital Identity Verification Services Bill

    On Wednesday, in the King’s Speech, the UK government presented a new Digital Identity Verificati...

    UK Parliament Legislates New Digital Identity Verification Services Bill Explore More

    News

    Taiwan and Singapore Strengthen AML Regulations for Virtual Asset Providers and Banks

    Taiwan and Singapore enhance Anti-Money Laundering (AML) regulations for virtual asset service pr...

    Taiwan and Singapore Strengthen AML Regulations for Virtual Asset Providers and Banks Explore More

    News

    Singapore and Europe Enhance AML Framework to Fight Financial Crimes Effectively

    Singapore and Europe have emerged with enhanced AML requirements for corporate services businesse...

    Singapore and Europe Enhance AML Framework to Fight Financial Crimes Effectively Explore More

    News

    Türkiye Removed From Gray List, India Recognized for Its AML Efforts, and Kuwait Urged to Have Better Money Laundering Control Measures: FATF Updates

    On Friday, an international financial watchdog committed to securing the global economic system a...

    Türkiye Removed From Gray List, India Recognized for Its AML Efforts, and Kuwait Urged to Have Better Money Laundering Control Measures: FATF Updates Explore More

    News

    FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities

    FINMA, SFC, and MAS fined multiple financial institutions over $1.5 billion for not complying wit...

    FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities Explore More

    News

    Nigeria, Myanmar, and Türkiye Take Effective Steps to Meet FATF Recommendations

    Myanmar, Nigeria, and Türkiye are implementing effective measures to level up anti-money launderi...

    Nigeria, Myanmar, and  Türkiye Take Effective Steps to Meet FATF Recommendations Explore More

    News

    Regulatory Authorities Fines TD Bank, Adelaide Casino, and SBI over $500 Million For AML Failings

    International financial watchdogs have imposed a fine of over $500 million on TD Bank, Adelaide C...

    Regulatory Authorities Fines TD Bank, Adelaide Casino, and SBI over $500 Million For AML Failings Explore More

    News

    United States Senate, UAE Government, and Spain Make Significant Efforts to Curb Money Laundering and Terrorist Financing Activities

    United States Senate, UAE Government, and Spain Take effective measures to amend current Anti-Mon...

    United States Senate, UAE Government, and Spain Make Significant Efforts to Curb Money Laundering and Terrorist Financing Activities Explore More

    News

    UK Parliament Legislates New Digital Identity Verification Services Bill

    On Wednesday, in the King’s Speech, the UK government presented a new Digital Identity Verificati...

    UK Parliament Legislates New Digital Identity Verification Services Bill Explore More

    News

    Taiwan and Singapore Strengthen AML Regulations for Virtual Asset Providers and Banks

    Taiwan and Singapore enhance Anti-Money Laundering (AML) regulations for virtual asset service pr...

    Taiwan and Singapore Strengthen AML Regulations for Virtual Asset Providers and Banks Explore More

    News

    Singapore and Europe Enhance AML Framework to Fight Financial Crimes Effectively

    Singapore and Europe have emerged with enhanced AML requirements for corporate services businesse...

    Singapore and Europe Enhance AML Framework to Fight Financial Crimes Effectively Explore More

    News

    Türkiye Removed From Gray List, India Recognized for Its AML Efforts, and Kuwait Urged to Have Better Money Laundering Control Measures: FATF Updates

    On Friday, an international financial watchdog committed to securing the global economic system a...

    Türkiye Removed From Gray List, India Recognized for Its AML Efforts, and Kuwait Urged to Have Better Money Laundering Control Measures: FATF Updates Explore More

    News

    FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities

    FINMA, SFC, and MAS fined multiple financial institutions over $1.5 billion for not complying wit...

    FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities Explore More

    News

    Nigeria, Myanmar, and Türkiye Take Effective Steps to Meet FATF Recommendations

    Myanmar, Nigeria, and Türkiye are implementing effective measures to level up anti-money launderi...

    Nigeria, Myanmar, and  Türkiye Take Effective Steps to Meet FATF Recommendations Explore More

    News

    Regulatory Authorities Fines TD Bank, Adelaide Casino, and SBI over $500 Million For AML Failings

    International financial watchdogs have imposed a fine of over $500 million on TD Bank, Adelaide C...

    Regulatory Authorities Fines TD Bank, Adelaide Casino, and SBI over $500 Million For AML Failings 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